Goji launches new payment capabilities

By Daniel Lanyon on Monday 7 October 2019

Alternative Lending

The firm says this will particularly help property lenders and those with complex payment flows.

Goji launches new payment capabilities
Image source: Goji

Goji has launched a new ‘advanced investments’ payments capability to help alternative investment platforms, especially property lenders, execute complex payment flows.

The new system, Goji says, will help deals with payouts to multiple recipients or that have funds held in escrow.

Goji says it already supports an API first client money capability to hold investor's funds that giving platforms access to instantly cleared funds via the Faster Payments scheme.

It is built on top of Goji's existing client money service and will allow platforms to create multiple accounts and approved beneficiaries to support the payment flows that are needed to borrowers, solicitors and other third parties involved in the transaction.

David Genn, CEO at Goji said "Goji is committed to supporting the alternative investment industry by providing the platform and regulatory infrastructure that the industry needs, freeing up platforms to focus on value adding tasks. This latest addition to the Goji Platform will remove a lot of the payments headaches firms face."

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