Folk2Folk, a regional peer to peer lender, has moved into a new office Launceston to “accommodate their rapidly expanding business”. Founded in 2013, the P2P lender has a number of offices across the South West and is rolling out further branches in towns across the UK. The lender is not just online only and is an interesting combination of physical locations and online lending. The company focuses on lending within local communities: bringing together investors seeking attractive and secured returns, and borrowers looking for access to affordable capital to develop and grow their business. Folk2Folk reports that more than 70% of investors are repeat lenders, a solid testament to the service provided. In June, Folk2Folk passed the £100 million mark of loans funded. Cumulative volume of lending increased 100% in 2015 from £40 million to £80 million.
Folk2Folk is expanding its workforce and recently appointed a new Head of Business Development and Sales, to help widen the company’s reach and deepen its professional networks throughout the country.
“…Folk2Folk has enjoyed great success since launching in 2013, and Number One [the location] provides the perfect environment to nurture growth for us and other businesses looking for quality office space,” stated Jane Dumeresque, Folk2Folk CEO.