Assetz Capital, a peer to peer lender that originates secured loans, announced on Wednesday it is set to accept approaching £100 million of new IFISA investment immediately and is looking forward to a bumper ISA season as the only lender of significant scale left in the market this year. The online lender, which reportedly has lent over £1 billion to UK businesses, revealed it is now the only large player still accepting new retail investment.
With ISA season just over a month away, CEO of Assetz Capital, Stuart Law, stated he wants to ensure investors know there is a “home” for their IFISA on the lending platform. He further explained:
“We’ve seen a number of platforms exit the retail market in recent months, as well as some not having the capacity to accept any IFISA contributions, leaving us as the largest retail peer-to-peer lender in the UK. We feel a responsibility to bang the drum for our industry and the positive impact we can have on both lenders and borrowers alike. We could accept approaching £100 million of new IFISA investment tomorrow and it would be invested in our existing diverse loan portfolio with no delay and start generating interest. That gives an indication of our scale and ambitions. If you are looking for an alternative to Ratesetter, or are completely new to the IFISA market, we are ready to welcome you.”
Founded in 2012, Assetz Capital describes itself 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.