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|Ferratum UK Ltd granted FCA authorisation|
|Friday, 26 February 2016|
Ferratum UK Ltd, the international short-term lender, is one of a small number of lenders that has been granted authorisation by the FCA at the start of the year.
Ferratum is recognised as one of the world’s largest mobile microloan lenders, offering a unique service for existing customers to apply for a short-term loan via a text message. The firm provides customers with short term loans between £50 and £500, with a range of repayment options available.
Tony Gundersen, UK Country Manager for Ferratum Group comments: “Receiving authorisation from the FCA further recognises that Ferratum is a responsible lender that puts customers at the very centre of our business. With this decision, the FCA is sending a clear message to our customers, partners and stakeholders that we run a compliant business where customers are consistently treated fairly.
Achieving FCA authorisation is a key milestone for us in 2016, as it gives us the opportunity to continue with our innovation plans, including the launch of a new instalment product that has been developed based on customer research and feedback.”
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