FCA authorises new peer-to-peer lender

FCA authorises new peer-to-peer lender




Peer-to-peer (P2P) business lender Peer Funding Limited has secured full authorisation from the Financial Conduct Authority (FCA).

Unlike many other platforms, Peer Funding did not trade under interim permission, but instead completed a full application process.

The firm will now launch a new P2P business debt funding platform in autumn 2016, with products including business loans, property bridging loans and selective debtor finance.

Roger Smith, risk and compliance director at Peer Funding, said: “It has taken considerable effort to get to this stage. 

“Peer Funding welcomes regulation and the integrity it brings to our market.

“…The service offering from Peer Funding Limited has been built from the outset with regulation in mind giving the company a solid base from which to operate and setting up a well-defined framework from which to grow.”

Peer Funding will also offer selective invoice finance, secured business loans and property development loans.

Roger added: “We look forward to bringing our wide-ranging products and compelling service to both business borrowers and investors alike."

The firm’s management team boasts over 100 years of experience in UK financial services, predominantly in the business and alternative finances sectors. 

Interested parties are currently able to register for early bird investor offers and download brochures from the Peer Funding website

Leave a comment