“We’ve seen a number of platforms exit the retail market in recent months, as well as some not having the capacity to accept any IFISA contributions,” claimed Stuart Law, CEO at Assetz Capital (pictured above).
“We feel a responsibility to bang the drum for our industry and the positive impact we can have on both lenders and borrowers alike.
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“We could accept approaching £100m of new IFISA investment tomorrow and it would be invested in our existing diverse loan portfolio with no delay and start generating interest — that gives an indication of our scale and ambitions.”
In March 2020, the P2P lender revealed it had surpassed £1bn of lending to SMEs and housebuilders across the UK.
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