Folk2Folk, has been awarded the Best Lending Platform for Small Businesses by AltFi, the world’s leading news site for alternative finance, which tracks performance across the global alternative finance sector.
Folk2Folk was selected by an independent panel of industry experts and SMEs as winner of the Best Lending Platform for Small Businesses for its excellent fundamentals, strong values, good customer engagement and clear transparency of fees. The judges of the AltFi Awards 2015 also highlighted that Folk2Folk’s High Street offices, which provide an opportunity for face-to-face meetings, was a key advantage for its customers and that this kind of access cannot be underestimated or undervalued.
This award provides further recognition that Folk2Folk is one of the UK’s top alternative finance platforms. AltFi’s online index currently ranks Folk2Folk as the UK’s sixth largest peer-to-peer lender to business.
Folk2Folk has enjoyed huge success since its inception in early 2013 and has introduced over £75 million of funding to date from its lenders, who are typically high net worth individuals located in the same county as the borrower. The company is building on its success and extending its offering nationally. New branches and networks to extend its physical presence will be following in due course.
The AltFi Awards 2015 have been split into three categories with the objective of offering a broad appraisal of the rapidly expanding alternative finance space. This year saw a record response with 50 platforms providing over 100 nominations. AltFi ensured that every award category was judged by an independent panel of industry experts. Each award had a carefully tailored judging panel – comprised of either prominent industry participants, investors or small business owners.
Comments from judges of the AltFi Awards 2015 included:
- “The high street offices, providing an opportunity for face-to-face meetings cannot be underestimated or undervalued”
- “Access is the big plus here for Folk2Folk customers”
- “The transparency of fees is refreshing”
- “Excellent fundamentals maintained in face of rapid growth”
Folk2Folk’s, Chief Executive Officer, Jane Dumeresque, said: “Winning the award for Best Lending Platform for Small Businesses underpins the success Folk2Folk has achieved whilst helping a huge number of businesses get off the ground, grow and expand. We are a unique operator in the peer-to-peer industry and we are delighted to be recognised for the quality of our loan book and high level of service.”