Dragonfly reports best ever quarter

During quarter one Dragonfly redeemed 39 loans worth £37m which it said are "crucial" to a lender’s financial strength and reflect the quality of the loans on its book.

Jonathan Samuels, chief executive of the London-based short and medium-term lender, said: “To lend £77m in just one quarter is a huge achievement and I would like to thank all our introducers who keep supporting us and without whom these numbers would be impossible.

"I would also like to congratulate the Dragonfly team who have been working flat out for three months. We now have our sights set on lending £100m in a quarter, which given the strength of demand for our product range, is a very realistic target.”