Folk2Folk is “reliable, safe over-performer”, says 4thWay review
The UK’s largest peer-to-peer lending platform, Folk2Folk, has been deemed “a reliable, safe over-performer” in a review by P2P ratings agency 4th Way.
The investment firm, which funds property-backed business loans, opened up its books to an independent valuation by 4th Way earlier this year.
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The review heralded Folk2Folk’s conservative lending approach, profitability, and commitment to investor security.
In his review, 4th Way chief executive and lead researcher Neil Faulkner said a Folk2Folk investment “is probably as solid as it gets” and highlighted that returns have been in the region of 8.75 per cent per annum.
Folk2Folk has cumulatively lent out more than £725m since it was established in 2013, with most of its loans funded by retail investors.
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The 4thWay review also noted that Folk2Folk has funded “by far the most P2P loans of any provider in the UK”, with “plausibly impeccable results for more than a decade”.
“Opening ourselves to such a thorough review process was an important step in demonstrating our commitment to transparency and providing secure, profitable investment opportunities,” said Roy Warren (pictured), managing director of Folk2Folk.
“We are immensely proud of our track record and the trust our investors place in us. This independent review underscores our dedication to maintaining the highest standards for our investors and highlights the hard work and care taken by our team.”
Folk2Folk won the award for P2P Lender of the Year at this year’s Alternative Credit Awards, hosted by Alternative Credit Investor.
