A former Minister of Transportation came to the county to cut the ribbon for a new head office for a peer-to-peer lending company.
Stephen Hammond, who is the MP for Wimbledon, has been invited by Gravesham MP Adam Holloway to officially open the new Kuflink group base.
It has moved into the old 4,500 square foot Blockbuster store in West Street, Gravesend, where it will employ 24 people. His old office was at Lion Business Park.
The company, founded in 2011, is made up of Kuflink Bridging, which offers development finance, and its peer-to-peer lending platform focused on residential and commercial real estate.
The company connects individual borrowers or businesses with lenders who are looking for a return on the interest on their loans.
Mr Hammond said: âBusinesses are vital to this country and often small businesses don’t have access to the finance they need, and a lot of people have lost faith in banks.
âThis business will grow and it will help other businesses grow and become part of the local economy.â
Managing Director Tarlochan Garcha said: âThe launch of our new head office in the city center is a testament to the hard work and dedication of the Kuflink team. This is the next step in our development and we look forward to continuing to grow from our new base.
âWe are confident in executing our plans to become a household name in the peer-to-peer industry. We are proud to invest alongside our lenders, which makes us the most secure platform in the country. “
Mr. Holloway added, âThe Kuflink Group is an innovative and entrepreneurial team of professionals and a fantastic member of the Gravesend community.
“I am delighted with their growth – it is so inspiring to see such local talent flourish – and I have no doubts that they will continue to be successful in their endeavors.”