Welcom and guarantor loans provider Buddy Loans has announced a partnership with Buddy to use Welcom’s Financier platform.

Buddy Loans has recently secured institutional investment to allow it to increase its lending and has also received full FCA authorisation.

Launched in 2013, Buddy Loans specialises in loans which give credit to consumers who have been refused loans from mainstream lenders, giving them access to affordable credit.

Commenting on the partnership Buddy Loans Founder, Nick Zapolski said, “Buddy Loans look forward to evolving our core product along with additional products in the near future.”

Welcom Sales Director, Peter Richmond added: “We are delighted Buddy Loans is moving to our Financier platform and look forward to a long working relationship.”