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Peer-to-peer lending platform Kuflink has passed £200m of lending, with zero losses to investors to date.
The property lender took almost five years to reach its first £100m lending milestone in January 2021, but just 17 months to reach £200m.
Investors have received £118m in returned capital and interest to date.
“Reaching £200m of inward investment on our platform is a great achievement by the whole team,” said Narinder Khattoare (pictured), chief executive of Kuflink.
“Kuflink is a rarity among bridging lenders in that we have built a successful lending business without institutional investment.
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“Since 2016, we have been self-funding thanks to our P2P platform and the private investors who have put their trust in our ability to invest their money into worthwhile bridging and development deals.”
Kuflink recently announced plans to launch a new suite of buy-to-let loans, and has also indicated that it may enter the consumer lending space in the future.
“Our record among bridging introducers and investors alike is now well proven thanks to our knowledge, lending experience and understanding of the property market,” added Khattoare.
“I am particularly delighted to be able to say to advisers with customers looking for bridging or development finance that, thanks to the growing investment through our platform, our ability to fund more short term loans has never been better.”
Read more: Bridging loans: Bridging the gap
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