With lower than three weeks to go till the inaugural Peer2Peer Finance Awards, we check out the runners and riders for P2P Lending Platform of the Yr.
There are 5 peer-to-peer lending platforms competing for this prestigious award. Listed here are the contenders…
Learn extra: Peer2Peer Finance Awards: Shortlist introduced!
CrowdProperty
CrowdProperty was based by chief govt Mike Bristow in 2014 and has now funded over £600m value of property tasks throughout the UK.
The property growth lender goes from energy to energy, having not too long ago reported a record-breaking September with greater than £14.3m lent. Bristow informed Peer2Peer Finance Information that the platform is on monitor for its third consecutive worthwhile yr for the yr ending March 2023.
Over a 3 yr horizon, he stated that CrowdProperty has grown origination and lending by 319 per cent and 335 per cent, respectively, regardless of macro-economic challenges such because the Covid-19 pandemic.
Assetz Capital
Assetz Capital was based by chief govt Stuart Regulation in 2011 and 10 years later it has grown to change into the biggest P2P lender within the UK, with a mortgage ebook of greater than £1bn. Assetz performed a significant function in supporting the nation’s small companies and housebuilders in the course of the pandemic by collaborating within the authorities’s Covid mortgage schemes. The Assetz group of companies now contains Assetz Change, a P2P property lender which specialises in leasing properties to charities and different social housing teams.
Kuflink
Kuflink has change into one of many largest names within the UK P2P sector, with a mortgage ebook in extra of £220m and 0 investor losses reported to this point. The property lending platform is aiming to develop its mortgage ebook to £300m by subsequent yr, having handed the £200m milestone earlier this yr.
Not content material to relaxation on its laurels, Kuflink is scaling quickly with new hires and upcoming product launches corresponding to buy-to-let time period mortgages and client secured loans.
The platform can also be diversifying its funding sources, having beforehand revealed to Peer2Peer Finance Information that it’s in talks with institutional buyers and should announce a brand new funding partnership within the coming months.
Folk2Folk
Folk2Folk rose out of the embers of the monetary disaster in 2013, launching as a neighborhood cash trade in Launceston, Cornwall earlier than turning into a regulated P2P lender. The platform supplies finance to UK companies whereas offering fixed-rate, property-backed investments for retail and institutional buyers. Former RBS banker Roy Warren has led the agency as managing director since 2019. Folk2Folk has a complete mortgage ebook worth of over £500m, with greater than half of this – £275m – going to fund UK properties.
Shojin
Property funding platform Shojin has been working since 2009 and was co-founded by chief govt Jatin Ondhia. The platform supplies entry to institutional-grade funding alternatives within the UK property sector to buyers world wide. Shojin has been rising quickly this yr, coming into new jurisdictions corresponding to Israel and India and unveiling plans to launch a Jersey-incorporated fund.
To this point, Shojin has raised greater than £34m to fund greater than £200m value of actual property growth throughout 29 tasks.
Learn extra: Introducing the Rising Stars of the P2P business
The awards happen on Tuesday 6 December at London’s Hurlingham Membership, beginning with a drinks reception within the Palm Court docket earlier than heading into the Broomhouse Suite for the primary occasion.
It’s not too late to order your home on the awards, for a fantastic evening of celebrations, networking and festive enjoyable! E mail P2PFN’s gross sales and advertising and marketing supervisor Tehmeena Khan at [email protected] for extra info.
