Folk2Folk has appointed global wealth management and investment banking firm, Stifel, as financial adviser, as it looks to grow its business.
The peer-to-peer lender has enjoyed significant success in the south west since launching in 2013 and has introduced over £65 million of funding from local investment.
The company is looking to replicate its local success nationally by opening new branches and networks, bringing an increased number of new borrowers and lenders to Folk2Folk.
CEO, Jane Dumeresque, said: “We are thrilled to be working with Stifel. We believe this is the right time for Folk2Folk to expand the success we have achieved in the south west across the rest of the country.”
Rob Mann, head of European advisory at Stifel, added: “We are delighted to have been appointed as financial advisor by Folk2Folk. UK peer-to-peer lending is a rapidly growing source of funding in the UK and we look forward to working with Folk2Folk as they expand their business.”