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Peer2Peer Finance News | February 23, 2019

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Assetz Capital plans pre-Christmas IFISA launch

Assetz Capital plans pre-Christmas IFISA launch
Marc Shoffman

ASSETZ Capital is readying to launch its Innovative Finance ISA (IFISA) before Christmas.

The business and property lender, which gained full authorisation from the Financial Conduct Authority in September, has confirmed that it will unveil its tax wrapper within the next month.

A spokesperson told Peer2Peer Finance News that the IFISA would be available to both existing and new investors and there would be no additional charges.

They would not give a specific date for the launch but said it would be before Christmas.

It comes as the platform hit £1.6m on its latest Seedrs crowdfunding campaign, above its £1m target.

Assetz Capital recently moved to new headquarters in Manchester after running out of room.

Stuart Law (pictured), chief executive of Assetz Capital, said the firm needed more space as it is regularly increasing headcount.

“It’s great to be able to announce our move to the newly fitted out self-contained premises to support our future growth,” Law said.

“We are taking on many more team members over the coming months and years and had run out of space in our previous headquarters now that we number around 85 staff.

“With several people joining each month, we now have a prestigious new building with the space and facilities that we require, and also befitting of one of the leading alternative finance providers in the country, and indeed Europe.”

The lender also has regional offices throughout the UK from Edinburgh and Belfast down to London and Farnborough.

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