Kuflink readies for new product launches
Kuflink is planning to roll out two new products in 2023, as part of its ambitious growth plans.
The peer-to-peer property lending platform is currently working on developing buy-to-let term mortgages and consumer secured loans.
“We are currently working on two new asset classes, although launch of these has been delayed due to the current economic climate, we are confident of bringing these to market during 2023,” Paul Auger, head of products at Kuflink, told Peer2Peer Finance News.
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Kuflink has been on an expansion plan of late, launching new products including a new self-invested personal pension pool. It is aiming to double its loanbook by next year as it scales rapidly with a series of new hires, upcoming product launches, and newly streamlined processes.
Earlier this year, Kuflink passed the £200m milestone of total funds invested to date.
The platform previously revealed to Peer2Peer Finance News that it is in talks with institutional investors and may announce a new funding partnership in the coming months.
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“We’re very close to signing terms with an institutional lender to give us a wider choice and availability of funds,” said Auger.