Peer to peer lender, Funding Knight, rescued out of administration

Written by companyrescuelondonadmin 3 April 2017

The alternative finance company was bought out of administration last week by GLI Finance, ensuring funding would remain safe for over 900 clients. GLI has invested £1 million into the business to improve cash flow and help the business.

Although cash is safe, the company’s downfall has sparked fears among investors about the peer to peer industry. 

While it can be a great way to support other businesses and invest, it’s vital that those interested are fully aware of the risks and understand what might happen if the lender goes bu