With one week of the campaign still to go, the peer-to-peer lender is striking big.
This is the second time the platform has offered equity to retail investors, after its 2015 campaign raised £3.1m and later became the second largest campaign ever hosted on Seedrs.
The current fundraising effort provides investors in that first round a 72 per cent uplift in share price valuation. Assetz has said that they plan to use the funds to continue its expansion through sales and marketing investment, after moving into new offices at Manchester Green earlier this month.
“We have grown 300 per cent per annum since April 2013 to become the second largest peer-to-peer business lender in Europe, but we have plenty more to achieve,” said Stuart Law, CEO at Assetz Capital. “This latest Seedrs round will give us additional firepower to accelerate our growth plans.”
The round is set to close on November 27th, with over 700 people already having invested in this latest campaign.
The platform’s records indicate that it has now lent just shy of £373 million to UK businesses to date, while investors have earned total gross interest of over £30m.
AltFi is returning to Amsterdam for its second annual Summit in the city. The inaugural event last year was a roaring success, with key figures from across Continental Europe's alternative finance and digital banking sectors highlighted. These included Jeroen Broekema, managing director of Funding Circle Netherlands, and Mieke van Engelen, head of innovative partnerships at ABN AMRO's standalone lending platform, New10.