January 2nd, 2016

Assetz Capital lends record £105M in 2016


Founded in 2013, the London & Stockport-based P2P secure loan platform is now the UK’s third biggest lender to business

Assetz Capital, the UK’s fastest growing peer-to-peer finance platform, today announced that it has lent a record £105 million to UK businesses in 2016 to date.

Experiencing ever increasing growth during the year, including a final quarter where it lent as much as in the whole of 2015, Assetz Capital is now providing secured loans of as much as £25m per month to businesses.  According to independent data tables, the business is now the third largest business P2P platform in the UK.

Since its launch in early 2013, Assetz Capital has been at the forefront of the P2P sector with its innovative investment dashboard for investors and its secured loan offering for borrowers. Aimed at helping British small and medium sized businesses and property developers with their funding requirements, to date £191 million has invested through the platform, typically delivering investors gross rates of return between 3.75% – 15% per annum* and with over £16m earned to date. It is one of only four Defaqto “5 Star” rated P2P platforms.

Stuart Law, CEO of Assetz Capital commented, “While there are several P2P platforms out there, we continue to believe that the best model for investors is secured loans backed with tangible assets.  Our lending criteria is all about loans being affordable by the business but secured in case of any defaults, meaning our investors are providing funds with both strong returns and comfort. “

“While there are sectors that are harder to operate in, we serve good businesses which are unfairly discriminated against purely based on the sector they operate in.”

“2016 saw just six loan defaults occur and only one of these is expected to produce a small capital loss.  This is a testimony to our internal risk team and business model,” Law commented.

Each of the businesses receiving funds through Assetz Capital has provided tangible assets to provide security for P2P investors while mitigating risks. As a result, Assetz Capital has one of the lowest loan default and loss rates in the market and has been trusted by more than 16,000 investors to date.

Stuart Law concluded, “We are delighted with the progress that our team has made this year and look forwards in 2017 to delivering ever higher milestones of lending to UK businesses and levels of interest paid to investors.”

* These rates of return are currently available to investors on the Assetz Capital platform. All rates are quoted gross, before allowances for tax or any possible losses. Interest target rates should be considered along with the relevant investment account expected defaults and losses. Past performance is not indicative of future results.