Oblix reveals £10m record month

Oblix reveals £10m record month




After a successful first year of trading, Oblix Capital announced it has completed £10 million of loans last month….

After a successful first year of trading, Oblix Capital announced it has completed £10 million of loans last month.

The London-based firm has also added a new member to its executive team as Anuj Nehra joins from Commercial First where he was a Director of Structured Finance and IT.

CEO of Oblix, Rishi Passi, says despite these results they will not be resting on their laurels and are planning an aggressive growth plan.

“After witnessing steady growth in the first year of trading, as anticipated, the hiring of new staff and implementing of processes have enabled us to start the new fiscal year with a record month of lending,” said Rishi.

“We have exceeded 10m worth of completions in April and equally important, if not more, are the early indications that this will yet again be exceeded next month.”

Meanwhile, Anuj is looking forward to joining Oblix and believes these are exciting times for the industry in general.

“Alternative Finance has seen solid growth in these challenging times and increasingly presented a credible alternative in the specialist lending sector,” said Anuj.

“I am pleased to join the team at Oblix as they enter their next phase of growth and development.”

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