Payday lender receives FCA authorisation
Short-term lender Peachy.co.uk has received FCA authorisation.
.jpg?v=165c124f2ff2cf781675256b4eddea5f "Payday lender receives FCA authorisation")
Deprecated: trim(): Passing null to parameter #1 ($string) of type string is deprecated in C:\inetpub\wwwroot\2025.financialreporter.co.uk\htdocs\templates\front-end\partials\article_blockquote.php on line 2
Based in Manchester, the FinTec company Cash On Go - trading as Peachy.co.uk - was the first payday lender in the UK to introduce a mobile website in 2011, closely followed by an android and iOS app in 2012.
Peachy provides customers with short-term loans from £50 to £700, with a range of repayment options.
Kristjan Novitski, CEO and founder, Cash On Go Ltd, said:
“This announcement is a testament to the hard work of my team. From the outset we have committed to lending responsibly to our customers, giving them a range of products suited to their needs. All of our lending decisions carefully balance the needs of our customers against their ability to repay the loans. We pride ourselves on being transparent, honest and treating our customers fairly. Authorisation by the FCA is chance for us to continue this journey with our valued customers and offer new innovations.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Buy-to-let
Buy-to-let market 'in transition' as landlords turn to refinancing
MPowered Mortgages
MPowered closes to new business amid potential sale
Budget
Reeves lays groundwork for tax rises in surprise pre-Budget speech
FCA
FCA bans and fines adviser £100,000
Bank Of England
Interest rates held at 4% in narrow 5-4 vote
Budget
What taxes could be raised in the Autumn Budget?
