Payday lender receives FCA authorisation

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.”