Kuflink switches from MangoPay to Stripe and boosts user security
Peer-to-peer property lending platform Kuflink has released a raft of new and updated features, including changing its debit card service provider from MangoPay to Stripe.
MangoPay is a white label payment solution for marketplaces and platforms, while Stripe is one of the biggest payment service providers in the world.
A Kuflink statement on the update said: “We are grateful to Kuflink’s compliance team for having achieved onboarding with this remarkable partner in our journey.”
The firm has also introduced multi-factor authentication (MFA) to the platform, adding extra security to users’ accounts.
Read more: Kuflink readies for new product launches
Elsewhere, the firm has added details of interest rates to the secondary marketplace, added a new option to pay monthly for its Select Innovative Finance ISA (IFISA) and launched a buy-to-let pool product, enabling borrowers to refinance their original bridging or development loans with them rather than having to go to a bank.
“The great news for our investors is that we can now offer you a longer-term investment (three or five years) in the new buy to let pool, which pays you monthly,” Kuflink said. “The buy-to-let pool is also IFISA eligible.”
The firm has also updated its self-invested personal pensions (SIPPs), in partnership with pension provider Morgan Lloyd. These include a SIPP Auto product, with its own SIPP Wallet, enabling investors to further diversify their funds, and SIPP Select deals which enable investors to allocate funds on any loan secured on SIPP-eligible property.
Read more: Kuflink secondary market sees spike in activity in August
Meanwhile, Kuflink has made updates to both its Android and Apple apps, enabling desktop features to be used on both. “This has been a long time in the making, and we are proud of the team of this beta release,” Kuflink said in a blog post on its website. “Please ensure you download the latest version.”
Finally, there is also a new notification system for bank transfers to the Kuflink wallet. “We have completed this system where you can advise us of any bank transfers you have made on the day or expect to make,” the firm said.
“This will assist us in updating our systems to expect funds from you. To get started, press the wallet image, go to Top Up, and then choose Manual Bank Transfer (UK) from the drop-down menu. Please note, on receipt of your transferred funds they will not automatically invest into your desired product; this is still solely your responsibility.”
Elsewhere, the platform has added an up-to-date page of audited company results and key performance indicators relating to environmental, social and governance (ESG) measures.
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