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 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.”
Céline 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.
