Kuflink reports topping £20 million in peer to peer investment
Kuflink Reports Topping £20 Million in Peer to Peer Property Investment Since 2016
Banks reject P2P lenders on money laundering concerns
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From the eyes of a multi-millionaire
Multi-millionaire and co-founder of UK-based peer-to-peer lender, Kuflink, Rawinder Binning, tells Saloni Sardana why he stopped using private banking – and why his family prefer to manage their wealth internally.
How I invest: Ayo Adesina a software engineer with £32,000 in peer-to-peer
Mr Adesina, who describes himself as a novice investor, put the majority of the money – £32,000 – into a peer-to-peer property lending platform.
Spend, Save or Invest? Millennial Finances Revealed
The press tends to report millennials’ finances as belonging to one of two categories; the affluent young people or ‘Instagram rich kids’, or those stuck on zero hours contracts who are forced to live with parents well in to their thirties.
But how much spare money does the average young adult have, and how are they saving, investing or spending it?
Spending
According to research conducted by Strutt & Parker, millennials spend thousands of pounds per year on luxuries including:
One night out per week – £3,016
Takeaways – £1,320
Coffee – £625
Furthermore, UK millennials were shown to be the most interested in luxury spending, with a huge 70.8% classing themselves as ‘very interested’ in premium items!
Investing
Young people today have a wider range of investment options available to them than ever before – LBX research predicts that, by the end of 2018, ‘12 per cent of millennials will be invested in shares, 20 per cent in bonds, 19 per cent in precious metals and 18 per cent in property’.
This report also uncovered that one of the most popular new investment vehicles for this age group is cryptocurrencies, with 5 percent of those aged below 35 having already invested, and a further 11 per cent planning to invest this year.
Property has traditionally been one of the most popular investments, although current data shows that ‘the chances of a young adult on a middle income owning a home in the UK have more than halved in the past two decades’. As a result of this, more accessible investments such as Kuflink’s property-backed peer-to-peer platform, continue to grow at an exceptional pace.
Saving
49% of millennials consider themselves to be ‘savers’, with 23% claiming to save at least half of their disposable income each month.
Saving apps such as Squirrel and Chip are hugely popular with the younger generation – they regularly withdraw small amounts from your current account, ensuring regular contributions to your savings!
The average millennial has £8,384 in savings.
Make your money work harder for you with Kuflink and earn up to 7 times more interest than you would with a traditional savings account!† Kuflink is an online platform where you can invest in short-term loans secured against UK property, and earn up to 7.2% interest pa gross. *
*Capital is at risk. Rate correct as of April 2018. You should seek independent financial advice.
† Based on an average ISA return of 1.03% interest pa
Kuflink Celebrates 1 Year Since Gaining FCA Authorisation!
From the very beginning, Kuflink has ensured that each of our investment opportunities meets the highest financial and security standards – that’s why we’re so proud to announce that today marks one year since we gained FCA authorisation!
Financial services providers have to meet strict criteria in order to achieve authorisation, but what does the Financial Conduct Authority’s regulation mean for you as an investor?
What are the FCA’s main duties?
The Financial Conduct Authority has three main functions; to protect consumers, to enhance market integrity and to promote competition amongst firms.
How does Kuflink’s FCA authorisation protect my investment?
The fact that Kuflink is a regulated firm gives investors confidence that we consistently meet the highest industry standards in everything we do, from our underwriting process to our marketing communications. Our operations are monitored and subject to scrutiny from the FCA in order to guarantee that we provide a ‘fit and proper’ service.
Thousands of investors already earn up to 7.2% interest pa gross* with Kuflink, and thanks to our rigorous security processes, none of them have ever lost a penny!
Join the Kuflink community today and make your money work harder for you with our exclusive property-backed investment opportunities!
*Your capital is at risk. Rate correct as of April 2018. Kuflink Ltd is not covered by the FSCS. You should seek independent financial advice.
