Kuflink eyes £500 million loan book

Its P2P division is now working with the short-term bridging side to achieve this goal

Kuflink eyes £500 million loan book

Short-term lender Kuflink has announced plans to grow its loan book to between £350 million and £500 million within the next two years.

The firm said its peer to peer (P2P) division was now working in close cooperation with its short-term bridging side to boost its loan book, following several promotions in its management team, as well as taking on new hires for its investor relations team.

Internal promotions include Paul Auger (pictured) becoming chief operations officer after a year as Kuflink’s head of products. Gary Prince, formerly head of financial control, has become chief financial officer, while Laura Hetherington has been appointed chief of staff and operations, and Hiran Patel to the role of chief risk officer.

Auger pointed out that Kuflink – which has recently achieved B Corp certification, a designation that a business is meeting high standards of verified performance, accountability, and transparency – has made significant progress in creating the foundations on which future success will be built.

“Apart from the strategic internal promotions and increasing headcount in all areas, we are also in the process of introducing a new loan origination and management system, which will significantly improve our ability to effectively deal with increased loan volumes,” he said.

“Kuflink is preparing for the future with confidence by ensuring that our base is strong and fit for purpose and by attracting the best people to help take us forward.”

Kuflink is a bridging and development finance lender working specifically with intermediaries. It has funded its loans exclusively via its own P2P platform since 2016.

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