Peer-to-peer business lender continues push into Scotland

By Ryan Weeks on Monday 17 July 2017

Alternative Lending

Assetz Capital looks to continue growth in Scotland with regional hire.

Ian Craig has joined Assetz Capital as a regional relationship director in Scotland. He will contribute to the firm’s effort to attract more Scottish business borrowers to the platform.

Craig previously worked in SME banking at Bank of Scotland, where he managed business client relationships across all sectors. He will now work alongside Assetz’ other regional relationship directors in its Edinburgh office.

“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,” he said.

Craig is the sixth “high profile” industry hire in Scotland in recent times for Assetz. The business is working towards a target of £50m in lending locally – a feat it claims would make it the second largest alternative finance lender in Scotland. The company has lent a little shy of £300m across the UK as a whole to date, according to AltFi Data. 

Its competitors in Scotland include Funding Circle and Edinburgh-based LendingCrowd, the latter of which is backed by Scottish Enterprise

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