Assetz Capital celebrates its 4th birthday with £240 million lent to date and plans to double that in 12 months
Assetz Capital, one of the UK’s fastest growing peer-to-peer alternative finance platforms, is today celebrating its 4th birthday.
In the past four years, more than £240 million worth of loans have been issued through the platform, with investors receiving total gross interest of more than £20 million. Assetz Capital’s peer-to-peer loans during this period yielded rates of between 3.75% and 18% per annum for its investors.
Originating in Stockport, the company now also has offices in London, Edinburgh and Belfast, and will soon be moving its Northern headquarters to a substantial new headquarters building near Manchester airport.
Stuart Law, CEO of Assetz Capital commented, “We’ve seen the company go from strength to strength over the past four years. 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.”
“I believe that we have made serious inroads into helping businesses of all shapes and sizes with more than £240m 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. As the investment landscape has also changed during this period, P2P has become a much more widely accepted investment, its great to see that ordinary investors are lending their money via Assetz Capital.”
As with most forms of investment, peer-to-peer lending carries a degree of risk to your capital; in this case, if borrowers were unable to repay their loans. At Assetz Capital, we seek to reduce this risk to our investors by taking asset security on every loan, with the added benefit of a discretionary Provision Fund for some of our investment accounts.