It hopes to secure matched funding from the government’s new Future Fund to support its next phase of growth.
The Future Fund enables companies to apply for a convertible loan of £125,000 and £5m.
The P2P marketplace lender was accredited as a lender under the Coronavirus Business Interruption Loan Scheme (CBILS) and will use the capital to support its CBILS delivery.
It will also use the funds to aid the company’s non-CBILS lending and grow its headcount.
This is the fourth Seedrs fundraise from Assetz.
Stuart Law, CEO at Assetz Capital (pictured above), said: “This fundraising round is a great opportunity for our existing shareholders, customers and other individuals to invest alongside the government and support the economy as we deliver CBILS and enter the next phase of our growth.
“Having secured accreditation as a CBILS lender in May, we have attracted the attention of leading institutional investors that are looking to work with us to deploy hundreds of millions under the CBILS scheme and beyond.
“We look forward to welcoming new investors as well as existing investors into this funding round, as they support us on this journey.”