FOLK2FOLK, the national award-winning peer-to-peer lending platform has announced the appointment of Carlton Hammond as Introducer Engagement Manager.
Based at the company’s head office in Cornwall, Carlton brings more than seven years of relevant financial services experience, stretching across a wide variety of sectors including agriculture, general business and residential and commercial real estate.
In this new role, Carlton will focus on the development of broker relationships, the creation of a broker partner network across the country and engagement with the National Association of Commercial Finance Brokers (NACFB), of which FOLK2FOLK became a Patron of in October 2018.
Prior to joining FOLK2FOLK, Carlton was Senior Agricultural Relationship Manager for the South West at Lloyds Bank where, having completed the Sustainable Business Accreditation by the University of Cambridge, he was an active advocate for sustainable business practises. During this time, he also helped to digitally upskill colleagues and customers as the Regional Digital Engagement Champion.
Carlton Hammond commented: “I was attracted to FOLK2FOLK because of its straightforward and common-sense approach to providing financial solutions to a variety of real-life challenges. I was also impressed with how FOLK2FOLK manages to successfully blend technology with a warm and human personal service.”
Giles Cross, FOLK2FOLK CEO, commented: “Carlton has a national network of professionals and broker contacts making him a natural addition to our team as we focus on further developing our network and providing brokers with dedicated support to enable swift access to answers.
“FOLK2FOLK has delivered more than £268m into local and rural businesses nationally and, by assisting with the further development of our broker network, Carlton will help us reach even more businesses requiring finance to grow, develop or diversify.”
Notes to editors:
Formed in 2013, FOLK2FOLK exists to help create and sustain financially and socially successful local communities, empowering local businesses requiring debt finance that cannot access funding via traditional channels by matching them directly with investors through its Peer-to-Peer lending platform. FOLK2FOLK enables lenders to participate in supporting local UK businesses to grow and thrive driving positive impacts in local communities, creating job opportunities and contributing to the UK economy.
FOLK2FOLK is the third largest Peer-to-Peer (P2P) lender to business in the UK in terms of money lent according to The Brismo UK Lending Returns Index (https://brismo.com/market-data/ formerly AltFi.)
FOLK2FOLK Lenders have funded loans of more than £268m to UK business since 2013 with zero losses to date (though past performance is not a reliable indicator of future trend). FOLK2FOLK Lenders receive 6.5% interest p.a. (currently) on their FOLK2FOLK loans.
FOLK2FOLK uses technology not as an opportunity to dilute or remove human relationships, but to enhance them and bring them together. FOLK2FOLK should therefore not be described as a B2B or B2C business, but as H2H (Human2Human). FOLK2FOLK is FinTech with a face.
FOLK2FOLK is a multi-award-winning platform, having so far this year won the national Small Award for ‘Best Multi-channel Business’ and ‘Alternative Finance Provider of the Year 2018’ at the Insider South West Dealmakers Award and been shortlisted for others. In November 2017 FOLK2FOLK was awarded the Western Morning News “Small Business of the Year 2017” and has been awarded “AltFi Best Lending Platform for Small Business 2015” and “AltFi Up and Coming Business Platform of the Year 2016”.
FOLK2FOLK became authorised and regulated by the FCA in 2016 and became a member of the P2PFA in 2017.
Minimum investment in a FOLK2FOLK loan is £20,000. There is no maximum limit for investment. All loans secured against UK property or land. Peer-to-Peer lending is not a bank/deposit savings product and investors’ capital is at risk. Peer-to-Peer lending is not covered by the FSCS.