Assetz Capital reaches £250m lending milestone
By Tom BelgerAssetz Capital has now lent over £250m to UK businesses since launching four years ago
The alternative finance platform is currently providing secured loans totalling as much as £25m per month to SMEs and housebuilders.
Assetz Capital has surpassed the £250m mark after lending more than £55m in 2017 to date.
“Assetz Capital's growth remains strong and shows no signs of slowing down,” said Stuart Law, CEO and co-founder of Assetz Capital (pictured above).
“It's testament to the fantastic team and our cautious yet flexible approach that means we're celebrating our quarter of a billion-lent milestone.
“Confidence is growing in the peer-to-peer sector, as investors look for higher risk-adjusted returns and more borrowers see the advantages of dealing with peer-to-peer lenders.”
Assetz Capital recently announced that it had attracted £10m of new investment in three weeks following a rise in the interest rate on its 30-Day Access Account.
“Assetz Capital now has large scale, profits and cash generation – all of which has been delivered while investors also earn fair rates of return and borrowers have fair access to capital,” added Stuart.
“We pride ourselves on improving our services based on feedback and do everything in our power to ensure we can provide an offering that our investors both want, and have now come to expect."
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