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Peer2Peer Finance News | November 23, 2017

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Assetz Capital reaches quarter of a billion lending milestone

Assetz Capital reaches quarter of a billion lending milestone
Marc Shoffman

ASSETZ Capital announced that it has now lent £250m to UK businesses.

The peer-to-peer lender said it has provided up to £25m of secured loans a month since its launch in 2013, with more than £55m lent so far this year.

Stuart Law (pictured), chief executive of Assetz Capital, said investors have earned more than £21m with actual rates of between 3.75 per cent and 18 per cent.

Read more: Assetz hits £200m milestone after successful year

“Assetz Capital’s growth remains strong and shows no signs of slowing down,” Law said.

“It is testament to the fantastic team and our cautious yet flexible approach that means we’re celebrating our quarter of a billion lent milestone.

“Assetz Capital now has large scale, profits and cash generation – all of which has been delivered whilst investors also earn fair rates of return and borrowers have fair access to capital.

“We pride ourselves on improving our services based on feedback and do everything in our power to ensure we can provide an offering that our investors both want, and have now come to expect.”

He said the platform was also close to reaching 20,000 lenders.

Read more: Assetz Capital confirmed five-star lender with ThinCats

The peer-to-peer lender bucked the industry trend of falling interest rates last month by hiking returns on the account for a limited time period due to a surge in borrower demand, an offer it told Peer2Peer Finance News it looks to repeat in the future.

The move attracted more than £10m of new investor money.

Read more: Assetz Capital to launch property only and longer-term accounts