FOLK2FOLK celebrates four consecutive years of profit and second year of paying dividend

FOLK2FOLK has announced a pre-tax profit of £1.373M for its 2022 financial year, marking four consecutive years of consistent profitability. In addition, the company has chosen to make dividend payments to shareholders for a second consecutive year, proving platform stability and confidence.

These significant milestones reinforce FOLK2FOLK’s position as a financially sustainable business within the peer-to-peer lending sector; highlighting the platform’s ability to maintain financial stability, adapt to market conditions and deliver attractive returns to its retail investors, even during periods of political and economic instability.

The consistent nature of these achievements could also be seen as evidence of a maturing of the peer to peer lending sector.

“I am delighted to announce another year of profit, which demonstrates the trust and confidence that businesses and investors have placed in FOLK2FOLK,” said Roy Warren, Managing Director of FOLK2FOLK.

“Our strong performance reflects the strength of our business model, the dedication of our team and our unwavering commitment to regional small businesses and retail investors.

“Platform profitability is undeniably an increasingly important factor retail investors consider when choosing where to place their funds, and I strongly feel that maintaining a profitable platform is the responsible thing to do for all our stakeholders and the wider P2P sector.”