Bringing you live news and features since 2006 

Assetz Capital lends record GBP105m in 2016

RELATED TOPICS​

UK peer-to-peer (P2P) finance platform Assetz Capital has lent a record GBP105 million to UK businesses in 2016 to date. 

Experiencing increasing growth during the year, including a final quarter when it lent as much as in the whole of 2015, Assetz Capital is now providing secured loans of GBP25 million per month to businesses.
 
According to independent data tables, the business is now the third largest business P2P platform in the UK.
 
Aimed at helping British small and medium sized businesses and property developers with their funding requirements, to date GBP191 million has invested through the platform, typically delivering investors gross rates of return between 3.75 per cent and 15 per cent per annum and with over GBP16 million earned to date. 
 
It is one of only four Defaqto “5 Star” rated P2P platforms.
 
Stuart Law, CEO of Assetz Capital, says: "While there are several P2P platforms out there, we continue to believe that the best model for investors is secured loans backed with tangible assets. Our lending criteria is all about loans being affordable by the business but secured in case of any defaults, meaning our investors are providing funds with both strong returns and comfort.
 
“While there are sectors that are harder to operate in, we serve good businesses which are unfairly discriminated against purely based on the sector they operate in.
 
“2016 saw just six loan defaults occur and only one of these is expected to produce a small capital loss. This is a testimony to our internal risk team and business model.” 
 
Each of the businesses receiving funds through Assetz Capital has provided tangible assets to provide security for P2P investors while mitigating risks. As a result, Assetz Capital has one of the lowest loan default and loss rates in the market and has been trusted by more than 16,000 investors to date.
 
Law says: "We are delighted with the progress that our team has made this year and look forwards in 2017 to delivering ever higher milestones of lending to UK businesses and levels of interest paid to investors.”

Latest News

HSBC Asset Management’s (HSBC AM) ETF and Indexing business has passed USD100 billion in assets under management (AUM), reflecting its..
Amundi’s ETF Market Flows Analysis for April reveals that investors added EUR54.1 billion to global ETFs in April with equities..
VanEck has reached USD10 billion in assets under management in Europe for the first time in April 2024...
Global index revenues increased 9.3 per cent in 2023, totalling a record USD5.8 billion, according to a benchmark study published..

Related Articles

Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Sean O' Hara
Pacer ETFs has announced the launch of three Cash Cows UCITS ETFs. The firm writes that this will give European...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by