Peer2Peer Finance News
The UK's first peer-to-peer finance magazine for investors and the industry
  • Home
  • News
    • Personal Finance News
    • Industry News
    • SME News
    • Global News
  • Property
  • IFISA
    • IFISA Guide
  • Video
  • Open Banking
  • Cryptocurrency
  • Features
    • Joint Ventures and Promoted Content
  • Comment & Analysis
  • What is P2P?
  • Partners
  • Events
    • Past Events
  • P2P Power 50
    • Power 50 2020
    • Power 50 2019
    • Power 50 2018
    • Power 50 2017
  • Sign up to our e-newsletters
  • Magazine
  • Directory
  • Jobs
  • My Account
    • Manage Account
    • Change Password
    • Log In
    • Log Out
grow
April 21 2017

Assetz Capital hits £240m of lending in four years

Anna Brunetti Industry News, News alternative finance, Assetz Capital, corporate finance, p2p investor, P2P lending, p2p sme lending, property finance, SME finance, Stuart Law

ASSETZ Capital hit its fourth anniversary with £240m lent to date and a plan to double that figure over the next 12 months.

The peer-to-peer lending platform, which channels funds to small- and medium-sized enterprises (SMEs) and small property developers, confirmed on Friday that it has returned over £20m of interest to investors since inception, yielding rates ranging between 3.75 and 18 per cent to investors.

Thanks to a recent surge in borrower demand, it also launched a temporary rate hike offer on its 30-day account last week to 4.75 per cent for a 90-day window.

“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,” said the firm’s chief executive Stuart Law.

Read more: RateSetter targets growth in SME lending

“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 months, 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.”

Read more: SMEs funding appetite surges after Spring Budget

UK housing market still under pressure, Landbay chief warns How important is a P2P platform’s Twitter following?

Related Posts

money UK

Industry News, News, Top 3

P2P lenders ‘shouldn’t expect’ investor boost from collapsed platforms

Modern way of exchange. Bitcoin is convenient payment in global economy market. Virtual digital currency and financial investment trade concept. Abstract cryptocurrency with gold bitcoin background..

Cryptocurrency, Industry News, News, Top 3

Goldman Sachs: Institutional crypto interest on the rise

Mike Horton head shot Colour

Industry News, News, Top 3

Quantuma hires former Assetz Capital recoveries manager

Popular posts:

  • Chancellor unveils recovery loan scheme
  • Budget outlines plans for £15bn of green bonds in 2021
  • Government to launch replacement future fund scheme
  • BBB sets out further details on recovery loan scheme
  • Zopa exec “very excited” about embedded finance for lenders
  • Treasury launches £100m Taxpayer Protection Taskforce
Back To Top
  • Home
  • Contact
  • About
  • Team
  • Advertising
  • Subscribe
  • Privacy
  • T&Cs
  • Disclaimer

Follow Us on Social Media

© Peer2Peer Finance News 2020
• Additional design by