Assetz Capital takes Tech Track title

Assetz Capital takes Tech Track title

Published this weekend, the 18th annual Sunday Times Hiscox Tech Track 100 league table ranks Britain’s private technology, media and telecoms (TMT) companies with the fastest-growing sales.

Ranked 53rd, the leading business peer-to-peer lender had annual sales growth of 78% over three years with £13.7 million sales and almost 100 staff. It provides secured loans to UK businesses, while investors can earn target rates from 4.1% per annum.

Its Innovative Finance ISA – launched in December 2017 – already has over £50 million invested in it, and can be wrapped around all the Assetz Capital investment accounts.

Stuart Law, CEO at Assetz Capital said: “To be ranked as one of the fastest growing technology businesses in the country is a great achievement and a testament to the hard work of our entire team. Our view has consistently been that peer-to-peer lending can be a long-term, transformational, economic force for good, and our commercial success is strong evidence that this is indeed the case.

“We have always maintained a healthy balance between finance and technology. It’s this approach that has allowed us to grow sustainably in a way that benefits our investors, borrowers and shareholders equally. While we will continually look to push the boundaries of innovation within our industry, it will always be executed in a measured way that doesn’t compromise on our goal of sustained, profitable growth.”

This year’s Tech Track 100 companies achieved a combined total of £3.3bn sales. They employ 19,300 staff, having added 14,000 employees to their combined workforce over the period.

The full league table is published as a 10-page supplement within the business section of The Sunday Times on 9 September, both in print and in the digital edition, and on www.fasttrack.co.uk.

- September 18, 2018