Assetz Capital has announced that it is ready to welcome another £100m of investment in to its Innovative Finance ISA (IFISA) products, as it positions itself as the “largest retail peer-to-peer lender in the UK”.
The P2P lending platform said that it is looking forward to a bumper ISA season, and has the capacity to accept up to £100m in new IFISA investments immediately.
Assetz Capital’s chief executive Stuart Law (pictured) noted that RateSetter’s exit from the P2P space has left a gap in the market for IFISA investors.
“We’ve seen a number of platforms exit the retail market in recent months, as well as some not having the capacity to accept any IFISA contributions, leaving us as the largest retail P2P lender in the UK,” said Law.
“We feel a responsibility to bang the drum for our industry and the positive impact we can have on both lenders and borrowers alike.
“We could accept approaching £100m of new IFISA investment tomorrow and it would be invested in our existing diverse loan portfolio with no delay and start generating interest. That gives an indication of our scale and ambitions.
“If you are looking for an alternative to Ratesetter, or are completely new to the IFISA market, we are ready to welcome you.”