Peer-to-peer (P2P) finance platform Assetz Capital has appointed Ian Craig as a Regional Relationship Director in Scotland. He will be responsible for helping local Scottish businesses acquire finance through the peer-to-peer platform and ensure borrowing with Assetz Capital runs seamlessly.
Craig brings with him a wealth of experience from working in the Scottish SME Banking team for Bank of Scotland as a Relationship Director, where he managed business client relationships across all sectors, helping customers deliver their strategic goals through his experience, support and the delivery of great funding packages. In his role at Assetz Capital, Ian will work alongside the rest of the Edinburgh office based team of Regional Relationship Directors.
Craig says: “Joining Assetz Capital, a dynamic and leading business in the P2P industry, is a really exciting step for me. Together with the other members of the Scotland team, I’ll work to grow Assetz Capital’s already impressive presence in the region, alerting SMEs to the benefits of peer to peer lending and guiding them through the lending process.”
The appointment comes as Assetz Capital continues its growth in Scotland. With an impressive list of six high profile industry hires and working towards a target of GBP50 million in lending (subject to two upcoming completions), Assetz Capital is well on its way to becoming the second largest alternative finance lender in Scotland.
Stuart Law, CEO of Assetz Capital, says: “With over 50 per cent of our green energy loans portfolio generated in Scotland, the region holds special value to us as a business, our milestones and our core values of sustainability. We’re thrilled to have Ian as part of the team – his wealth of experience and local knowledge makes him the perfect hire to continue our exponential growth in Scotland.”
Founded in 2013, Assetz Capital is now the fifth largest P2P platform in Europe, and one of the fastest growing in the market. It is one of only two Defaqto “5 Star” rated P2P platforms, and its investors have earned a gross interest of more than GBP24 million since launch in 2013, with over GBP295 million lent to date.
Assetz Capital has become known for its secured lending model where every loan is backed with property, and/or other realisable security in order to reduce the risk of actual loss for investors. As a result, the company has one of the lowest loss rates in the market. Currently there is over GBP500 million available and ready to lend to credit-worthy SMEs through the platform.