FCA Authorises Peer Funding Limited Peer-to-peer Business Platform

FCA Authorises Peer Funding Limited Peer-to-peer Business Platform

LONDON, August 10, 2016 /PRNewswire/ --

    Peer Funding Limited is pleased to confirm that the Financial Conduct Authority has
granted us full permission to operate an electronic platform in relation to lending under
Part 4a of the Financial Services Marketing Act.

    Peer Funding Limited joins only a handful of fully authorised peer-to-peer business
platforms. Unlike many existing platforms, Peer Funding Limited has not been trading under
interim permission and has been granted this authorisation after completing a full
application process.

    This authorisation allows Peer Funding to launch a new and differentiated platform in
the UK peer-to-peer business debt funding sector in the autumn of 2016.

    Peer Funding Limited will offer new choice to both investor and borrower with a range
of products on a single platform, to include:

       
        Business Loans                6 - 60 months
        Secured Business Loans        12 - 60 months
        Selective Invoice Finance     30 - 120 days
        Selective Debtor Finance      30 - 120 days
        Property Bridging Loans       3 - 12 months
        Property Development Loans    3 - 18months

    Peer Funding Limited is backed by a management team with over 100 years experience in
UK financial services, predominantly in the business and alternative finance sectors.

    Risk and Compliance Director, Roger Smith, says

    "Gaining full authorisation from the FCA to operate a p2b platform is a significant
milestone and achievement for Peer Funding Limited. It has taken considerable effort to
get to this stage. Unlike many of the existing players in this market who are trading
under interim permission, 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 welcomes regulation and the integrity to it brings to our market. We look
forward to bringing our wide ranging products and compelling service to both business
borrowers and investors alike."

    The website http://www.peerfunding.co.uk is currently displaying in "coming soon"
format, allowing interested parties to register for early bird investor offers and to
download both investor and borrower brochures.  

       
         
        Contact: 
        Ian Byers - Marketing & Business Development Director 
        ian.byers@peerfunding.co.uk                         
        Peer Funding Limited 
        St John's House 
        St John's Street 
        Chichester 
        PO19 1UU 
        Tel: 01243 850604 
        email enquiries@peerfunding.co.uk

         

     

    http://www.peerfunding.co.uk
https://twitter.com/peer_funding
Company no 8773883
FCA Authorisation no 668078

Peer Funding Limited