Peer-to-peer alternative finance platform Assetz Capital is celebrating its fourth birthday.
In the past four years, more than £240 million worth of loans have been issued through the platform, with investors receiving total gross interest of more than £20 million. Assetz Capital’s peer-to-peer loans during this period yielded rates of between 3.75% and 18% per annum for its investors.
Originating in Stockport, the company now also has offices in London, Edinburgh and Belfast, and will soon be moving its Northern headquarters to a new headquarters building near Manchester airport.
Stuart Law, CEO of Assetz Capital, said: “We’ve seen the company go from strength to strength over the past four years. Our intention from the start was to provide a solid funding platform for SMEs starved of the funds to see them flourish while at the same time offering fair returns to investors.
“I believe that we have made serious inroads into helping businesses of all shapes and sizes with more than £240m of facilities provided to date and we expect to provide the same level of funding again in just the next 12 month, approaching half a billion of total lending by then.
“As the investment landscape has also changed during this period, P2P has become a much more widely accepted investment, its great to see that ordinary investors are lending their money via Assetz Capital.”