oldgrumpy
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Post by oldgrumpy on Oct 5, 2016 18:27:14 GMT
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Neil_P2PBlog
P2P Blogger
Use @p2pblog to tag me :-)
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Post by Neil_P2PBlog on Oct 5, 2016 18:43:26 GMT
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adrianc
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Post by adrianc on Oct 5, 2016 18:53:21 GMT
5% isn't bad for an instant-access product. Oh, hold on. gkcapital.com/how-it-worksYet the FAQ does seem to suggest it's instant access from all the products. Hmm...
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Oct 5, 2016 19:15:07 GMT
Not much immediately visible on where your money actually goes. hmm, make a glossy ad and site, open Bondmason account and pocket the difference, who wants to be my partner in a new venture.  Where's the risk warning? The statement "Investing your money with us, you will receive interest rates of up to 5%." doesn't leave much room for potential loss. I take it, they must be FSCS backed then... No, says not, so if goes bust, reliant on parent company Funds are guarded Global Kapital Group has a large capital base and will always stand next to its investors. So whenever a part of an investment is at risk, we will make sure our investors receive all their money back using our own capacities. 'Headquartered in London, gkCapital aims to become one of the world’s leading loan marketplace focused on individuals and small and medium businesses. Through our P2P platform, individuals and businesses can borrow directly from a wide range of investors, including individuals, other companies, and financial organizations. We offer simple, technology-driven and affordable loan products to our customers, eliminating the complexity of working with a financial institution. Additionally, our P2P loans give borrowers access to financing that they may not have otherwise gotten approval for by standard financial intermediaries. We welcome investors primarily from UK, to lend through GKCAPITAL loan book which is comprised of a mix of unsecured and asset-backed loans, and earn at great rates. Our lending robot qualifies borrowers based on a complex algorithm, which minimizes the risk for investors significanty. Furthermore, our protection funds cover loan defaults up to 20%, the highest safeguard percentage offered in UK.' They have two lending business in the group so I suspect thats their origination source.
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adrianc
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Post by adrianc on Oct 5, 2016 20:14:57 GMT
hmm, make a glossy ad and site, open Bondmason account and pocket the difference, who wants to be my partner in a new venture. This time next year, Rodney, we could be millionaires!
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mikeh
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Post by mikeh on Oct 5, 2016 20:21:13 GMT
I think I'm the type that hesitates.  |
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Steerpike
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Post by Steerpike on Oct 5, 2016 20:27:46 GMT
5% isn't bad for an instant-access product. Oh, hold on. gkcapital.com/how-it-worksYet the FAQ does seem to suggest it's instant access from all the products. Hmm... Presumably if you invest in the 3 year term but bale out at less than 12 months you get 3.5% etc.
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Post by Financial Thing on Oct 15, 2016 3:56:03 GMT
The graphic ad that says "The Best Investment Product Of The 2016" put me right off. EDIY...and the typo on "experince". For a finance company, if they can't proof read their ads, doesn't give one much faith in how they handle money. 
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pikestaff
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Post by pikestaff on Oct 15, 2016 7:18:13 GMT
Hmmm. I suspect the awards are fake too, and I take the staff numbers with a pinch of salt. They don't actually say they have 800 staff. They say they have a "total workforce of 800 people". This probably counts everybody who they have signed up to be an agent, hand out flyers in pubs, or whatever. GKFX Financial Services seems to be the main UK operation. According to the 2015 accounts, the products currently offered include spread-betting, foreign exchange trading and contracts for difference. It was quite profitable in 2015 but I wonder about what risks (market positions) may have been taken to generate those profits. You can get the accounts here beta.companieshouse.gov.uk/company/06837942/filing-history. A lot of other group companies seem to be newly formed and have yet to file any meaningful accounts. Bargepole for me. PS: Kaspersky thinks there is at least one phishing link on the site, which it blocked.
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am
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Post by am on Oct 15, 2016 23:50:07 GMT
The similarity of name with the finance arm of Grace Kennedy (http://www.gk-capital.com) is unfortunate.
Edit: There are also at least three US businesses using the name GK Capital, but none of them seem to have any significant web footprint.
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