Main

Folk2Folk joins industry trade body the P2PFA

Submitted by Mat Gazeley on

 

 

 

 

Folk2Folk is pleased to announce it has joined the Peer-to-Peer Finance Association (P2PFA), recognised as a beacon for good standards of business conduct in the alternative finance sector, by becoming the ninth member of the association.

This is a significant step in building trust with businesses, consumers and the media but also with other platforms within the industry.  This follows on from Folk2Folk recieving its full FCA authorisation in December 2016. To become a member of the P2PFA, online  lending platforms like Folk2Folk must demonstrate commitment to transparency and good business practices. The P2PFA whose  membership constitutes around three-quarters of this thriving market in the UK collectively lent almost £3 billion during 2016.

Welcoming Folk2Folk into the P2PFA, the Association’s Chair, Christine Farnish, said: ‘I am delighted to welcome Folk2Folk as a member of the Peer-to-Peer Finance Association. Their unique model underscores the essence of community lending. Their success demonstrates the utility available through matching business borrowers to investors looking to secure a good return using property or land as a security. They have made a big contribution to the evolution and development of peer-to-peer lending, and their perspective will complement the work of the P2PFA in standing up for high levels of business practice, transparency and consumer focus which are the bedrock of our Association’.

Our Chief Executive, Jane Dumeresque, added: ‘We are very happy to have joined the P2PFA as we believe it plays an important role in setting and maintaining high operating standards for our industry. Its role in providing a unified voice on the P2P industry is equally important as we evolve and grow. We believe that diversity of business models within the P2P sector is a benefit for both UK businesses and consumers. We look forward to working closely with the P2PFA and the other members in taking the P2P industry from being an alternative form of finance to the go-to form of finance for SMEs and consumers’.

More can be read about Folk2Folk joining the P2PFA via industry publuications such as AltFi News.

Latest News

  • Folk2Folk joins industry trade body the P2PFA

            Folk2Folk is pleased to announce it has joined the Peer-to-Peer Finance Association (P2PFA), recognised as a beacon for good standards of business conduct...
  • Gastro guesthouse: Coombeshead Farm opens with help from Folk2Folk

    Cornwall is renowned for its culinary talents to turn amazing local produce into exquisite plates of food in fantastic settings. As a result, there is an abundance of award winning restaurants and...
  • Local swimming pool business stays afloat through Folk2Folk

    Business owner Laura of Aqua Stars Academy of Swimming turned to Folk2Folk to help her achieve her business goal of owning her own pool after years of renting a facility, allowing her to set up her...
  • Folk2Folk wins industry award

    We’re very pleased to announce that Folk2Folk has finished off the year with an award win.  This week, we were named by industry leading publication AltFi News as the UK’s “Up...
  • Folk2Folk gains FCA authorisation

    Today we are delighted to share some exciting news and a significant milestone for Folk2Folk as a P2P lending business as we are now fully authorised by the FCA.    Regulation is a huge...

Customer Stories

  • Richard's Story - Borrower

    "Sharp & Tappin is a precision engineering company and has been going for 11 years. The business has two parts: one is onboard cameras for ships and the other is composite blade saws...
  • Jim’s Story - Lender

    "I started my working life as a pilot in the Royal Air Force and after a 10 year commission I went to work in a building society which had a business arrangement with Parnalls solicitors who...
  • Pam's Story - Borrower

    "In 2009, I, together with my husband Robert and daughter Robyn, bought a pub which I had previously owned with my husband and sister in law and brother in law and sold in 2001. Since then it...
  • Nick's Story - Borrower

    Originally I was a farmer, but after Foot and Mouth affected us we had to diversify and Folk2Folk have enabled me to do this.  

    Initially I borrowed money through Parnalls Solicitors in 2011...
SSL Certificates