Assetz Capital Lends £105 Million to UK Businesses During 2016

stuart law at lenditAssetz Capital is reporting that it has lent approximately £105 million in 2016.   The peer to peer lender is not claiming the title of the UK’s 3rd largest P2P lender for SMEs. Founded in 2013, Assetz Capital says it is now the UK’s fastest growing peer-to-peer finance platform.

Assetz Capital is now providing secured P2P loans of as much as £25 million per month to businesses. Since platform launch, Assetz Capital has seen £191 million invested through its platform.  Investor returns range from between 3.75% and 15% per year.

Stuart Law, CEO of Assetz Capital, pointed to their process of providing investors with a secured investment;

“While there are several P2P platforms out there, we continue to believe that the best model for investors is secured loans backed with tangible assets.  Our lending criteria is all about loans being affordable by the business but secured in case of any defaults, meaning our investors are providing funds with both strong returns and comfort. While there are sectors that are harder to operate in, we serve good businesses which are unfairly discriminated against purely based on the sector they operate in.”

Law said that during 2016, only 6 loans defaulted and only a single one is expected to experience a “small capital loss.”

“This is a testimony to our internal risk team and business model,” said Law.

Assetz Capital states that it has one of the lowest loan default and loss rates in the market and has been trusted by more than 16,000 investors to date.

“We are delighted with the progress that our team has made this year and look forwards in 2017 to delivering ever higher milestones of lending to UK businesses and levels of interest paid to investors,” commented Law.

 

 

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