Today, Assetz Capital, one of the UK’s largest and fastest growing peer-to-peer platforms, announced it has lent over a quarter of a billion since its launch in 2013.
The alternative finance platform helps small and medium-sized British businesses and house builders acquire funding. It is now providing secured loans totalling as much as £25 million per month and has lent more than £55 million in 2017 to date.
Stuart Law, CEO and co-founder of Assetz Capital commented, “Assetz Capital’s growth remains strong and shows no signs of slowing down. It’s testament to the fantastic team and our cautious yet flexible approach that means we’re celebrating our quarter of a billion lent milestone.”
Confidence is growing in the peer-to-peer sector, as investors look for higher risk-adjusted returns and more borrowers see the advantages of dealing with peer-to-peer lenders.
Law continued: “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.”
* These rates of return were the rates actually available to investors on the Assetz Capital platform during the period. All rates are quoted gross, before allowances for tax or any possible losses. Past performance is not indicative of future results. Capital is at risk.