Assetz Capital becomes first P2P lender to join broker trade body

ASSETZ Capital has become the first peer-to-peer platform to join the lender committee of the newly-formed Financial Intermediary and Broker Association (FIBA).

The business lending platform will join 10 other providers on the trade body’s committee.

FIBA is the new name that was given to the Association of Bridging Professionals in December to reflect the organisation’s focus on a wider range of finance.

“Assetz Capital is a strong addition to the FIBA lender committee, providing a different voice from specialist property finance that can only enhance our discussions,” Adam Tyler, executive chairman of FIBA, said.

Damien Druce (pictured), director and head of intermediary sales at Assetz Capital, said the platform valued working with intermediaries as a source of origination.

“Joining the FIBA lender committee further demonstrates our commitment to the intermediary market and raising awareness about alternative finance with business borrowers,” Druce said.

“We are delighted to be working with Adam and the team at FIBA who share our passion for intermediary engagement and education.”

Assetz Capital announced last year that it would look to expand its broker network “significantly” over the next two years as part of an expansion strategy that has seen several regional relationship directors hired.

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