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Short-term lender Kuflink sees annual profit double

Kuflink’s chief executive officer Narinder Khattoare  said that against a background of continuing national economic uncertainty, Kuflink had demonstrated its desire to constantly improve.

“During the latter part of 2023, we increased our ability to fund more loans via a £35m structured funding facility from Paragon Bank. This new funding line provides strategic access to institutional capital, scalable growth, new funding options and a significant alternative source of debt finance to the business, complementing our successful P2P platform”.

Khattoare also highlighted efforts to streamline the application process by the adoption of new technology.

The post Short-term lender Kuflink sees Annual Profit Double first appeared on Kuflink Investment Platform.



This post first appeared on Peer To Peer Lending, please read the originial post: here

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Short-term lender Kuflink sees annual profit double

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