What is Folk2Folk?
FOLK2FOLK operates as the United Kingdom's largest peer-to-peer lending platform, facilitating direct lending from individual and business investors to UK businesses. The platform specializes in offering property-backed business loans, which are secured against UK land or property, thereby providing a layer of security for lenders. Additionally, it features an Innovative Finance ISA, enabling investors to achieve tax-free returns. FOLK2FOLK targets a diverse investor base, including individual investors, businesses, family offices, and institutions, with the dual objective of helping clients grow their wealth and supporting the expansion of British businesses and regional economies. Since its inception in 2013, the company has facilitated over £806 million in investments and is recognized as a multi-award-winning, FCA-regulated entity.
How much funding has Folk2Folk raised?
Folk2Folk has raised a total of $9.3M across 1 funding round:
Corporate Investment
$9.3M
Corporate Investment (2021): $9.3M with participation from British Business Investments
Key Investors in Folk2Folk
British Business Investments
British Business Investments is a government-owned economic bank dedicated to supporting UK businesses by enhancing access to finance. It collaborates with various partners to offer financial solutions and guidance, particularly for smaller businesses and startups, aiming to foster innovation and growth across the nation.
What's next for Folk2Folk?
The substantial enterprise-level funding and recent strategic investment indicate a strong growth trajectory for Folk2Folk. This capital infusion is likely to fuel further platform development, expansion of its loan book, and potentially broader market penetration within the UK. The focus on property-backed loans suggests a strategy aimed at mitigating risk while providing attractive returns, aligning with the needs of its diverse investor base. As a regulated entity with a decade-long track record, Folk2Folk is well-positioned to capitalize on opportunities in the alternative finance landscape, further solidifying its role in supporting British businesses and regional economic development.
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