The new office is situated in the Scottish Provident Building, 7 Donegall Square West.

The P2P lender has provided over £410m of funding to UK SMEs to date and reported a significant increase in enquires from businesses in Northern Ireland.

“We’ve been doing business in the region for quite some time, so the launch of our Belfast office is a natural step,” said Andrew Fraser, relationship director for Northern Ireland at Assetz Capital.

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•   NI SMEs receive over £6m in funding

“There is a massive opportunity for Assetz in Northern Ireland, which is becoming a hub for fintech companies.

“We have seen increased interest from borrowers in P2P, driven by the fact that there aren’t many other alternative lenders in the region besides the mainstream banks.

“We have always been committed to offering personal services, so it is important that we are within easy reach of borrowers and brokers operating on the ground.

“More and more companies are now noticing the benefits of P2P to support expansion and we expect this market to become a key growth area for our business.”