Peer to peer lender Assetz Capital has surpassed £250 million in lending for UK businesses. The platform has accomplished this milestone in the four years since its launch in 2013. The company reports that approximately 20,000 registered lenders have earned over £21 million in interest during this time. The rate of return for investors has ranged from 3.75% to 18% per annum.
“Assetz Capital’s growth remains strong and shows no signs of slowing down. It’s testament to the fantastic team and our cautious yet flexible approach that means we’re celebrating our quarter of a billion lent milestone,” said Stuart Law, CEO and co-founder of Assetz Capital.
Law explained that confidence is growing in the peer-to-peer sector, as investors look for higher risk-adjusted returns and more borrowers see the advantages of dealing with peer-to-peer lenders.
The alternative finance platform helps provide access to capital for small and medium-sized British businesses and house builders acquire funding. It is now providing secured loans totaling as much as £25 million per month and has lent more than £55 million this year alone.
“Assetz Capital now has large scale, profits and cash generation – all of which has been delivered whilst investors also earn fair rates of return and borrowers have fair access to capital,” shared Law. “We pride ourselves on improving our services based on feedback and do everything in our power to ensure we can provide an offering that our investors both want, and have now come to expect.”