Best month ever for Fiduciam with £43.5 million of new loans granted

11 November 2019

Fiduciam, that last month announced it had met its staffing target for 2019, has just completed its best month since being established. The company granted £43.5 million of new loans in October.

Last week Fiduciam announced its largest loan in Germany to date and all the countries that the company lends in (UK, Ireland, Spain, Netherlands and Germany) contributed to the total loans arranged in October.

The company is continuing its expansion drive and has already hired 25 new staff this year. It is now looking to hire further case managers, underwriters and operational staff to deal with the increased volume and ensure it meets its 2020 growth objectives.

Johan Groothaert, CEO, says: “The void left by the traditional banks means that demand for our loan product continues to grow across the UK and different European jurisdictions in which we lend. Our pipeline is very strong going into the end of the year and further consolidation in the marketplace lending sector will put us in an excellent position entering 2020.”