Kuflink eyes £0.5bn loan book by 2025

Kuflink is aiming to grow its loan book to £0.5bn by the end of 2025, as the property lending platform looks to scale up.

This would represent a doubling of the company’s loan book value. At the time of writing, investors have put more than £271m into the platform, while just over £169m had been repaid in capital.

Chief executive Narinder Khattoare (pictured) told Peer2Peer Finance News that the half-billion-pound goal is “a very aggressive target” but he believes it is achievable. However, he added that the company is not prepared to relax its risk criteria in order to meet this target.

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“£0.5bn is a very aggressive target,” said Khattoare. “Could we get there? I don’t know. There are a lot of factors at play, and we don’t want to have a half-billion-pound book which is not performing well.

“For me, the key thing is getting the money out there to fund more loans, and we have those systems, processes and governance in place which mean that we’re now in a mode where we can scale the business.”

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Khattorare added that his priority is to cultivate a loan book which is performing well for both borrowers and investors, as well as Kuflink’s own shareholders.

Kuflink has been on a push for growth in recent years and recently secured a funding line with Paragon Bank worth £35m. This money will be used to onboard even more loans and to bolster the business during an uncertain economic environment.