UK-based peer-to-peer lending platform Assetz Capital announced on Wednesday it is returning to the Seedrs equity crowdfunding platform for the fourth time to raise a minimum of £500,000.
As previously reported, Assetz Capital is described as a provider of alternative funding sources to SMEs and Property Developers and is one of the fastest-growing peer-to-peer lenders in the UK. The lender provides loans to SMEs and property developers in the UK, funded by both individuals and increasing numbers of institutional investors, companies and even banks who come through Assetz Capital for origination of loan investments. Assetz Capital is authorized and regulated by the FCA.
“Our P2P loan investments allow investors to earn a return on their capital, with over 30,000 lenders now able to invest in our investment accounts, having funded over £750 million of facilities and earned £70 million to date. Now that we are well established, our aim is to create the foremost Lending-as-a-Service marketplace for property-secured UK SME lending and to be a substantial part of the solution for the banking, investment, housing and pensions challenges that the country faces… helping to create Banking 2.0.”
The launch of Assetz Capital’s fourth Seedrs campaign comes less than a year after the P2P lender raised £1.9 million in funding through its previous crowdfunding round. The online lender is also planning to secure matched funding from the government’s new Future Fund to support its next phase of growth. The Future Fund was launched during the COVID-19 outbreak to support innovative and high-growth British businesses, enables companies to apply for a convertible loan of between £125,000 and £5 million.
Speaking about the new Seedrs funding round, Stuart Law, CEO at Assetz Capital, stated that the campaign is a great opportunity for existing shareholders, customers, and others to invest alongside the government in order to support the economy as Assetz Capital delivers CBILS and the platform goes into its next growth phase. Law then added:
“This fundraising round, coupled with matched funding from the government, will help further support our growth through this current economic situation and help turn a global crisis into an opportunity. We look forward to welcoming new investors as well as existing investors into this funding round, as they support us on this journey.”
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