The Partner Academy
  • 💡Updates Board
  • 🛠️Getting Set Up With Knoma
    • Becoming a Knoma Partner
    • Knoma Onboarding
      • 'Pay with Knoma' for your site.
      • Guidance for Marketers & Designers
      • Examples: Knoma on Websites
      • Guidance for Developers: Installing the Button [Deprecated]
    • Using The Partner Portal
      • Partner Portal Dashboard
      • Adding New Courses & Course Variants
      • Email Marketing with Knoma
      • Opting in for email notifications
      • Student Deposits
      • Setting up your Team
    • Setting up International Payments
    • Announcing our Partnership
  • 💽Knoma's Resource Bank
    • Who are Knoma?
    • How does it work?
    • What's the application process?
    • What is Open Banking?
    • How can we advertise on Knoma's site?
    • Guides for Admissions & Sales
      • Using the Eligibility Checker
      • Handling Enquiries About Knoma
      • Knoma & Student Loan Agreement
      • Explainer Videos
      • Flyer for Learners
    • Guides for Marketers
      • Marketing Guide and Resources
      • Examples: Knoma on Websites
      • Collaborate on Content
      • Including Knoma at open evenings and webinars
  • ☎️Feedback & Contact
    • Reach Out
    • Provide Feedback
    • Report a Bug
    • Collaborate on Content
  • 🔐Knoma's Regulated Finance Product
    • Becoming an IAR of Knoma
    • What it means to be an IAR & Training
    • IAR Summary
    • Financial Promotions
    • Complaints Handling
    • Financial Ombudsman
    • Authorised firms (Credit brokers)
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Knoma's Regulated Finance Product

This is a resource to learn more about Knoma's regulated, interest-bearing finance product. Use this resource to ensure compliance with FCA Principles & to educate & train your team.

PreviousCollaborate on ContentNextBecoming an IAR of Knoma

Last updated 1 year ago

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Knoma was granted its full lending license by the Financial Conduct Authority (FCA) on 27/04/2023. This was a huge milestone for Knoma as it not only endorsed the business but it also enabled Knoma to introduce regulated finance products.

You can find Knoma on the under firm reference number 922520.

Knoma now offers two finance products:

Unregulated: 2-10 months, interest-free (0% APR)

Regulated: 11-36 months, interest-bearing (variable APR, risk-based pricing)

In order to access Knoma's longer loan term product, partners need to become an Introducer Appointed Representative (IAR) of Knoma. In short this means, Knoma approves you to operate under its license with limited responsibilities. Knoma must first appoint you as an IAR before submitting you to the FCA register.

Knoma then operates as 'The Principal' firm.

The next section will cover the process of becoming an IAR of Knoma.

🔐
FCA register