The financial services industry is changing rapidly, powered by technology. Exponential rises in computing power are driving up business efficiency and driving down costs for end consumers. Sophisticated data processing is enabling a far greater level of service personalisation, and the connectivity of the internet is fuelling disintermediation and facilitating globalisation
Peer-to-peer (P2P) investments involve individuals lending money to other individuals or businesses. While this may sound fairly niche, the sector – worth $85 billion in 2020 – is predicted to grow sevenfold by 2028, to a global value of $578 billion each year. It’s growing fast, because P2P lending can offer much higher returns than traditional investments.
Diversification is important for any investor. By spreading investments across different types of financial instruments, industries and businesses investors can build a portfolio of assets that react differently to changes in market conditions.
As noted by Kuflink‘s management, January was quite a busy month for them, with many new feature releases and updates to their previous releases. The company is hoping that their clients appreciate these updates.
Kuflink investors can now buy and sell select Innovative Finance ISA (IFISA) loans on the peer-to-peer lending platform’s secondary market.
Kuflink* has just reported its first ever profit of about £400,000, off the back of real earnings of about £3 million, for 2021.