Katipult Launches Peer to Peer Lending Software for UK Market

Katipult has launched new software designed to power UK peer to peer lending platforms. Katipult has partnered with payment platform Mangopay in their European push.  Katipult, based in Canada, is a white label software provider that facilitates investment crowdfunding / P2P lending in over 20 regulatory environments.  Mangopay, launched in 2013, has quickly generated a dedicated portfolio of clients across Europe providing a payment service for marketplaces that was not previously commercially available.

Brock MurrayBrock Murray, CEO of Katipult, said they were excited to partner with Mangopay;

“The level of sophistication and security required to properly service the debt markets is unique and we’re bringing a product to the UK market that benefits everyone from lenders to borrowers as well as regulators, by creating a high standard for industry confidence.”

Celine LazorthesCéline Lazorthes, CEO of Mangopay – a company that boasts over 1500 platforms across Europe, said that peer to peer lenders demand a high level of sophistication and functionality.

“The partnership between Katipult and Mangopay perfectly answers this need. Katipult offers a powerful software combined to Mangopay’s seamless payment solution.”

The UK is the most mature peer to peer lending market in the world. Boosted by forward a forward-thinking regulatory approach, P2P lending is quickly becoming commonplace n the UK.  Recent data provided by the UK P2PFA indicates that growth is continuing even with economic challenges such as Brexit.

Sponsored Links by DQ Promote

Send this to a friend