Assetz Capital passes £100m lending milsetone
By Tom WrightAssetz Capital has paid out more than £10m of gross interest to investors since its launch in April 2013
The peer-to-peer platform said this represented a rate between 3.75% and 18% per annum.
Assetz Capital also revealed that it has issued more than £100m worth of loans to SMEs since it had opened for business.
Stuart Law, CEO, said: “It’s amazing to look back on the last two or three years and see how far we have progressed.
“We’re delighted that investors have already earned in excess of £10m of gross interest through our platform and with the peer-to-peer industry going from strength to strength, we fully expect to see this figure double in the near future.”
Assetz Capital said it has over £500m available to lend to SMEs and receives loan applications of more than £100m every month.
To date, the platform has seen just £1.08m of losses on the £100m it has lent out, and that was experienced by investors in the Manual Loan Investment Account, the highest potential interest rate account that Assetz Capital offers.
Keywords: Medianett, Bridging Finance, Commercial Finance, Bridging Lender, Commercial Lender, Alternative Finance, broker news, bridging loans, p2p lender, peer-to-peer lending, assetz capital, stuart law