Kuflink raises minimum investment threshold

Kuflink has become the latest peer-to-peer lending platform to raise its minimum investment threshold, as part of its efforts to enhance its investment process.

Effective immediately, the platform has introduced a £1,000 minimum investment, up from £100 previously.

As part of these new changes, investors will no longer have the option to make their first investment on the secondary market. However, once the initial investment has been completed, investors will gain access to the marketplace as usual.

“We strongly believe that transparency and effective communication are the cornerstones of our relationship with investors like yourself,” Kuflink said in a note to investors.

“Your continued support and investments have been instrumental in driving our success, and we look forward to sharing further exciting updates with you.”

Read more: Kuflink sign-ups increase despite economic turbulence

Paul Auger, chief operating officer at Kuflink, told Peer2Peer Finance News that the platform remains “100 per cent committed” to retail investors, but hopes to improve the overall investor experience by making these changes.

The new investment minimum came into effect on 10 July 2023. Several P2P platforms have opted to raise their minimum thresholds in recent months, citing the increased cost of compliance in the retail investment space.

Earlier this year, JustUs increased its minimum investment to £10,000, from £100 previously. Meanwhile, P2P development lender Invest & Fund hiked increased its minimum investment from £100 to £2,500. And in March, property lender Brickowner raised its investment threshold from £500 to £1,000 due to “changes to the regulatory environment”.

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