Peer to peer lender Assetz Capital is celebrating four years in operation. The platform reports that during these past years, it has originated £240 million in lands. Assetz Capital plans to double the figure within the next 12 months.
“We’ve seen the company go from strength to strength over the past four years,” says Stuart Law, CEO of Assetz Capital.”Our intention from the start was to provide a solid funding platform for SMEs starved of the funds to see them flourish while at the same time offering fair returns to investors.”
Law says that as the UK investment landscape has changed in recent years, P2P has become a much more widely accepted investment.
“I believe that we have made serious inroads into helping businesses of all shapes and sizes with more than £240 million of facilities provided to date and we expect to provide the same level of funding again in just the next 12 month, approaching half a billion of total lending by then,” adds Law.
Assetz Capital’s peer-to-peer loans have yielded rates of between 3.75% and 18% per annum for its investors. The online lender seeks to reduce risk to investors by taking asset security on every loan, with the added benefit of a discretionary Provision Fund for some of our investment accounts.
Assetz Capital started in Stockport but today the company has offices in London, Edinburgh and Belfast, and will soon be moving its Northern headquarters to a new headquarters building near Manchester airport.