Peer-to-peer lending platform Assetz Capital recently announced it is maintaining its 5 Star Rating from Defaqto in the independent financial information business’ “Loan Based Crowdfunding” category. The online is now one of only two platforms to have achieved the highest rating awarded by Defaqto.
Assetz Capital reports that since its launch in March 2013, it has facilitated more than £217 million of loans for credit-worthy UK businesses and investors have seen returns of £19 million of gross interest before tax. Stuart Law, Chief Executive of Assetz Capital, stated:
“Since gaining the Defaqto 5 Star Rating last year, our business has continued to go from strength to strength by attracting investors which are buying into our secured lending model. Funding applications from creditworthy businesses from around the UK have also significantly increased during this period. The 5 Star Rating comes from a widely recognised, proven, successful and independently verified platform. With Assetz Capital’s secured lending model, every loan is backed with property, and/or other realisable security in order to reduce the risk of loss for investors.”
Zahid Bilgrami, CEO of Defaqto, commented:
“Our Rating gives an indication of the quality and comprehensiveness of the features and benefits of a platform, ensuring that investors make informed decisions based on fact, not opinion. Our experts analyse over 30 of the most important features to crowdfunding investors, and then set benchmarks for a 1-5 scoring system for each of them. Usually the more comprehensive a platform is, the more points it will score; the overall score is then calculated to give the product a rating from 1-5 Stars.”
Bilgrami added:
“We are pleased that Assetz Capital have been given 5 Star Rating for their Loan Based Crowdfunding platform – in particular they scored well on our core criteria of ‘transparency in website disclosures’ and the criteria of ‘ethical investment’, under which their green energy projects stood out.”