Kuflink
| PLC | |
| ISIN | 🆔 |
| Industry | Peer-to-peer lending |
| Founded 📆 | |
| Founders 👔 | Harwinder Singh, Rawinder Binning[1] |
| Headquarters 🏙️ | , , |
Area served 🗺️ | |
| Members | |
Number of employees | |
| 🌐 Website | [Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value). ] |
| 📇 Address | |
| 📞 telephone | |
Kuflink is a UK-based peer-to-peer property investment lender and bridging lender business.[2] The firm pairs individual borrowers with lenders who grant loans in return for interest.[3]
History
Alpha Bridging Solutions Ltd was incorporated in December 2011 as a bridging loan provider and joined the Association of Short Term Lenders in early 2016.[4] In May 2016, Alpha Bridging rebranded to Kuflink Bridging and also introduced its new peer-to-peer platform.[4]
In October 2016, the firm became fully authorised by the Financial Conduct Authority to operate in the UK,[5] making it one of the first P2P lenders in the UK to become authorised.[6]
In November 2016, Kuflink moved to its current headquarters in Gravesend, Kent.[7]
In October 2017, Kuflink announced a five-year sponsorship deal with Ebbsfleet United F. C. As part of the agreement, Stonebridge Road stadium is called Kuflink Stadium.[8]
In December 2017, Kuflink announced Narinder Khattoare as the new CEO of the company.[9]
In January 2018, Kuflink joined the Bridging Loan Directory.[10]
In March 2019, Kuflink filed its first set of statutory accounts audited by one of the Big 4 accountancy firms, Ernst & Young LLP, having previously been audited by local firm Leigh Carr.[11]
Kuflink has opened a second office in London’s fintech scene on Old Street.[12]
Business model
Kuflink is made up of a peer-to-peer platform Kuflink and its sister bridging lender business Kuflink Bridging.[13] It allows investors to invest in short-term property loans secured against UK property[14] to businesses and individuals.[15] Kuflink funds 20 percent of every deal, leaving only 80 percent of each loan to be funded by outside investment.[16] It uses multi-source verification and risk-scoring to perform anti-money laundering checks on individuals.[17]
Kuflink's Innovative Finance ISA can be started with a minimum investment of £100 with a current maximum investment of £20,000.[18] In June 2017, Kuflink launched its Innovative Finance ISA on its P2P platform.[18]
References
- ↑ "Kuflink Limited" Crunchbase
- ↑ Marc da Silva, "Lend and earn annual returns of up to 6% with Kuflink", Article in Property Investor Today
- ↑ "Interview with Narinder Khattoare, CEO of Kuflink", Article in P2P-Banking
- ↑ 4.0 4.1 Rebekah Commane, "Alpha Bridging rebrands and introduces new funding platform", Article in Specialist Lending Solutions
- ↑ Rozi Jones, "Kuflink Bridging receives full FCA authorisation", Article in Financial Reporter
- ↑ Joanne Atkin, "FCA authorises Kuflink’s P2P platform", Article in Mortgage Finance Gazette
- ↑ Chris Price, "Lending company Kuflink moves in to former Blockbuster store in Gravesend", Article in Kent Online
- ↑ Kathryn Gaw, "Kuflink signs sponsorship deal with Ebbsfleet United Football Club", Article in Peer2Peer Finance News
- ↑ Tom Belger, Kuflink Group appoints new CEO", Article in Bridging and Commercial
- ↑ "Kuflink Bridging joins Bridging Loan Directory", Article in Bridging Loan Directory
- ↑ "Kuflink releases FY18 statutory accounts audited by EY", Article in P2P Reviews
- ↑ "Kuflink opens second office in London", Article in Specialist Finance Introducer
- ↑ Ryan Bembridge, "Kuflink Group appoints Narinder Khattoare as CEO", Article in Mortgage Introducer
- ↑ Carol Lewis, "Lending to strangers is still a good deal, despite the risks", Article in The Times
- ↑ John Fitzsimons, "Want to invest in property? Then take a look at these peer-to-peer platforms", Article in Peer2Peer Finance News
- ↑ Emily Nicolle, "Kuflink opens up loan investments with 20% loss guarantee", Article in AltFi
- ↑ "Kuflink turns to Contego for AML checks", Article in WealthAdviser
- ↑ 18.0 18.1 Rosie Murray-West, "Kuflink launches Innovative Finance Isa", Article in FTAdviser
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