Kuflink P2P platform approaches £95 million as investment levels grow
11 November 2020
Kuflink, the P2P based bridging lender, has announced that new investment levels have recovered to pre-COVID levels as the platform approaches a new high of £95m.
The company, which has been a long-time supporter of the intermediary channel since 2012, launched its P2P proposition in 2016 and it has powered their bridging and development finance offering to the UK’s brokers since then.
To date, Kuflink has paid back over £59 million in capital to investors, not counting interest. In that time not one investor has lost money on any of the projects chosen by Kuflink into which investor funds were placed.
In February, Kuflink had reached £75 million when COVID-19 began to impact across the world and although there were withdrawals by investors, the outflow was never significant and in the period since the end of the first lockdown, investment amounts have returned strongly, much of it from existing investors.
According to Chief Executive, Narinder Khattoare, incoming investment is now as healthy as it was before COVID.
He said, “There might be bigger P2P platforms but Kuflink, with its more modest growth plans, has proved conclusively that it is can produce decent returns for private investors with minimum risk because of its knowledge and understanding of the property market and its ability to pick the best opportunities to put in front of investors, rather than just the first ones to appear.
From the number of returning investors, we know that our offering is popular and delivers. Equally, our strategy provides mortgage advisers with the kind of short term funding they want for their customers and which has been consistently available throughout the pandemic.”
