UK peer-to-peer finance platform Assetz Capital has received a 5-Star rating from Defaqto in the independent financial information business’ first ‘Loan Based Crowdfunding’ analysis.
Assetz Capital’s rating, which relates to investing on the platform, is one of only four 5-Star peer-to-peer awards made by Defaqto.
Assetz Capital has facilitated the investment of more than GBP130 million into credit-worthy UK businesses since its launch in March 2013 with a resultant GBP13 million of gross interest before tax earned by lenders. Every Assetz loan is backed with property, and/or other realisable security in order to minimise the risk for investors.
Stuart Law, chief executive of Assetz Capital, says: “Being among only a handful of peer-to-peer platforms to be awarded a Defaqto 5 Star Rating further validates that our investment model offers investors a proven, successful and independently verified platform.”
The Defaqto 5 Star Rating rates the platform from an investor’s point of view and is based on an overall product DNA scoring methodology. As well as this, Defaqto have created some core criteria without which a 5 Star Rating cannot be achieved.
Law says: “Our approach of employing a world-class credit underwriting team and taking validated and realisable security is essential for our investors’ peace of mind and security of returns. Our complete focus is ensuring the growth and security of our lenders investments, as well as the success of our borrowers’ businesses.
“Investors throughout the UK are now realising that peer-to-peer finance is a viable option for their investment portfolio. The Defaqto 5 Star Rating further cements our status as one of the few key investment platforms within a growing sector which is clearly gaining significant momentum in a low interest rate environment,” says Law.
Zahid Bilgrami, CEO of Defaqto, says: “Star Ratings assess the quality and comprehensiveness of the features and benefits of financial products such as insurance and protection policies, current accounts, credit cards and investment products offer.”
Assetz Capital is committed to helping fill the finance gap left in the market from the credit crunch. Since its inception in March 2013, more than 14,000 investors have registered through the Assetz Capital platform to lend over GBP130 million to credit-worthy UK businesses. In addition to personal guarantees from directors, Assetz Capital takes asset security, including charges on property and other hard assets such as plant and equipment, to support each and every loan.