Assetz Capital

Over £50m invested into Assetz Capital IFIsa

Assetz Capital has seen over £50m invested into its Innovative Finance Isa (IFIsa) since it was launched in December last year.

The P2P business lender’s IFIsa now accounts for over 15% of all loans funded through the platform.

Investors have switched to the Assetz Capital Isa from cash and stocks and shares Isas, with the platform reporting over £20m of completed or in-progress transfers.

All Assetz Capital accounts can be Isa-wrapped, with target rates starting from 4.1% per annum in the quick access account.

Stuart Law, CEO at Assetz Capital (pictured above), said that this was an encouraging milestone to have hit so early.

“It clearly demonstrates the untapped investor demand for a proper alternative to both cash and stocks and shares Isas that balances healthy returns with a degree of risk.

“We made the decision to provide an Isa wrapper on all of our accounts – whether the quick and simple access accounts or the manual lending account for people who like to pick their own investments – and this has been very well received.”

Last week, Assetz Capital increased returns for investors with its new summer rate boost promotion.

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