Kuflink has reached the £350m funding milestone, following robust progress within the first half of 2024.
The peer-to-peer property lender additionally revealed that it has grown its mortgage e-book by round 10 per cent and attracted greater than £34m in funding over the primary half of the 12 months.
“Reaching the £350m funding milestone is testomony to the belief and confidence our buyers have in Kuflink,” mentioned Narinder Khattoare (pictured), chief government of Kuflink.
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“As an award-winning property funding market platform, we proceed to foster progress and innovation while connecting buyers and debtors to realize their particular person targets.
“Now we have collected greater than £34m over the primary half of 2024, which has been returned to qualifying buyers, permitting persevering with funding within the new loans we’ve made obtainable to our buyers and accomplished for our debtors.
“For the reason that finish of 2023 we’ve grown our mortgage e-book by round 10 per cent and made 132 offers obtainable to our platform buyers who proceed to assist this progress.
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“This achievement underscores our dedication to offering dependable and accessible lending options, and we’re excited in regards to the continued alternatives to create worth for our buyers and debtors alike.”
Kuflink’s newest achievements come after the agency reported file annual revenue in its newest monetary outcomes.
It posted revenue of greater than £1.8m within the 12 months to 30 June 2023, greater than double the £729,122 revenue for the earlier 12 months.
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