Assetz Capital

Varengold Bank AG starts funding loans through Assetz Capital

Assetz Capital has joined forces with Varengold Bank AG to provide funding to UK SME borrowers through its platform.

The partnership will bring additional institutional funding to further support the growth in lending by the P2P platform, as well as broadening the sources of funding available to it.

Stuart Law, CEO at Assetz Capital, said: “This new institutional funding relationship further enhances the potential scale of our lending to the businesses that we support.

“Also, having a bank funding loans through us using their balance sheet is [a] strong testament to the robustness of our lending operations and the increasing role that alternative lenders, such as ourselves, have in serving the funding requirements of UK SMEs. 

“We will continue to grow the number of institutions for whom we originate loan investments.”

Alison Harwood, head of London branch at Varengold Bank, added: “As an established, fast-growing, marketplace lender, Assetz Capital offers the opportunity for us to build a well-diversified portfolio of property-secured loans.” 

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