Quantuma, a corporate recovery and business advisory firm that works with several peer-to-peer lending platforms, has joined the UK Peer to Peer Finance Association (P2PFA). Earlier this year, the P2PFA announced the creation of Associate Members to broaden its membership beyond strict lending platforms. At the time of the announcement, the P2PFA added eight new members to the group that is the leading voice for online lending in the UK.
Robert Pettigrew, Director of the P2PFA, commented on the additional of Quantuma;
“Quantuma’s work with several P2PFA platforms has proven beneficial, given the expertise and insight they bring and the apparent consistency of their business values with those of the P2PFA. We look forward to working with Quantuma in further broadening knowledge and understanding about peer-to-peer lending and embracing their expertise as the sector continues to develop and expand.”
Frank Wessely, Partner at Quantuma, said he was delighted to join the P2PFA as an Associate Member;
“[We] welcome the opportunity to contribute our resources and expertise to the leading voice within the peer-to-peer funding sector. The P2PFA’s recent analysis clearly illustrates the relevance of peer-to-peer funding solutions and, in the face of a more mature regulatory environment, we believe that Quantuma is well placed to contribute to the sector in a meaningful way.”
The P2PFA was established in 2011 as a representative and self-regulatory body for debt-based peer-to-peer lending. The current member platforms are: Folk2Folk, Funding Circle, Landbay, Lending Works, Market Invoice, Thin Cats and Zopa.