Peer-to-peer based bridging lender, Kuflink, has reported that new investment levels have recovered to pre-Covid levels, with the platform approaching a new high of £95m.
Kuflink launched its P2P proposition in 2016. so far, it has paid back over £59 million in capital to investors, not counting interest.
In February, Kuflink had reached £75 million when Covid-19 began to impact across the world and although there were withdrawals by investors, the company says the outflow was never significant and in the period since the end of the first lockdown, investment amounts have returned strongly, much of it from existing investors.
Narinder Khattoare (pictured), Kuflink’s chief executive, said: “There might be bigger P2P platforms but Kuflink, with its more modest growth plans, has proved conclusively that it is can produce decent returns for private investors with minimum risk because of its knowledge and understanding of the property market and its ability to pick the best opportunities to put in front of investors, rather than just the first ones to appear.
“From the number of returning investors, we know that our offering is popular and delivers. Equally, our strategy provides mortgage advisers with the kind of short term funding they want for their customers and which has been consistently available throughout the pandemic.”