The authorisation allows the subsidiary to the London-based specialist lender Oblix Group to operate a regulated electronic lending platform.
Oblix has enjoyed a strong period of growth and hopes the launch of its P2P lending platform will supplement this.
Rishi Passi, CEO and founder of Oblix Capital (pictured above), said that this was great news for Oblix and supported its overall strategy of further diversifying and expanding its lending capabilities.
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“Achieving FCA authorisation is just one more step on our ever-evolving journey and we look forward to offering retail and corporate lenders the opportunity to share in our success in the not too distant future.”
Anuj Nehra, managing director at Oblix Capital, added: “We have been working closely with the regulator over the past few years, and I am pleased to say that Oblix has demonstrated the expertise to achieve this milestone.
“We are very aware of the challenges lenders like us face and this capability will help us achieve a credible, diversified business to further enhance our achievements as a lender to date.
“This is a big responsible step in Oblix’s history and my sincere thanks goes to our advisers during this process.”