Assetz Capital launches cashback offer

By Roger Baird on 3rd January 2019

P2P/Marketplace LendingAlternative CreditFintech

The Manchester-based peer-to-peer lender offers cashback rewards to new investors

Assetz Capital launches cashback offer

Peer-to-peer business lender Assetz Capital has launched a new cashback offer that rewards investors with up to £350 in cashback on new accounts.

Savers with between £5,000 and £10,000 will earn £100 cashback, while those who invest over £10,000 or £20,000 will earn £150 or £250 respectively. However, customers will need to invest by January 31 to trigger the offer.

Assetz Capital chief executive Stuart Law, said: “This cashback offer provides a welcome financial boost and is aimed at attracting new investors on to our platform.”

He added: “We expect that to grow significantly over the coming months. 2019 is set to be a bumper year for Assetz Capital.

The offer is available on both ISA and non-ISA access accounts that offer up to 5.1 per cent annual interest rates.

The Manchester-based lender added that customers who trigger the cashback will automatically qualify for a further £100 cashback boost, when they open and invest an additional minimum of £1000 into their 2019/20 ISA with Assetz Capital – which must be invested between April 6 and May 31 2019.

The firm also launched a property unit called Assetz Exchange in the final quarter of last year, allowing investors access to the sector.

The company, which began trading in 2013, said it has lent over £600m to small and medium-sized businesses over this period, and currently has more than 100,000 registered private investors signed to its platform.

Comments

AltFi Australasia Summit 2019

Join AltFi at their fourth annual Australasia Summit to examine the future of lending in Australia. Where we present best practices across, technology, partnerships, open banking, governance, data access, consumer experience, capital markets & funding, the role of government and regulation.

15th April 2019