Octopus Choice AUM passes £200m

By Daniel Lanyon on 13th July 2018

P2P/Marketplace Lending

 The platform targets financial advisers looking for fixed income alternatives but has also seen growth from direct investors.

Octopus Choice AUM passes £200m
Image source: https://goo.gl/EJ3u9e

Adviser-focused P2P lending platform Octopus Choice has passed £200m of assets under management (AUM), according to a statement by the firm.

This represents an increase of 100 per cent of AUM since December 2017.

Launched in April 2015, the platform offers yields of up to 4 per cent from from P2P loans secured against property.

"It shows that there really is a big demand out there for straightforward and simple investment solutions, giving everyday investors an alternative way to invest their money. It's great to be at the forefront of that,” said Sam Handfield-Jones, Head of Octopus Choice.

“And we built Octopus Choice to be flexible, too. Since launching a little over two years ago, we’ve had £40 million successfully withdrawn – although, of course, this is no guarantee of future performance.”

Handfield-Jones says there has also been a ramp in the amount of direct investors looking to put their money to work with Octopus Choice.

“Whether it’s to provide an income in retirement, or to diversify an investment portfolio away from stocks and shares, there’s plenty of reasons investors choose us,” he added.

In addition the launch of the Octopus Choice mobile app earlier this year, which enables investors to transfer existing ISAs into their Octopus Choice ISA account, has also helped boost the coffers.

Octopus Choice says it has “conservative” loan-to-values averaging around 60 per cent with each loan underwritten by the lending team within Octopus Property, part of the wider Octopus group.

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