Linked Finance, an Irish Peer to Peer (P2P) lending platform for small businesses, has been granted full authorisation by the Financial Conduct Authority (FCA). Linked Finance is Ireland’s largest P2P firm by cumulative lending.

Niall Dorrian, Chief Executive Officer of Linked Finance said “ I am very pleased that we have secured full FCA approval, It puts us ahead of the curve in terms of preparing for any regulation of the sector in Ireland. It also demonstrates to lenders and borrowers here at home that Linked Finance operates to the highest standards.”

“We are encouraged that the Department of Finance has initiated a public consultation in relation to regulation of crowdfunding here in Ireland. The sector is becoming an increasingly important source of funding for Irish SMEs and any actions that will promote further growth in the sector are to be welcomed.”