Assetz Capital reaches milestone £1bn lent on platform

By Aisling Finn on Friday 6 March 2020

Alternative Lending

The peer-to-peer lending platform is offering one per cent cashback on all investments until 5 April 2020.

Assetz Capital reaches milestone £1bn lent on platform
Image source: Stuart Law, CEO and founder of Assetz Capital

 

Assetz Capital, a UK-based peer-to-peer lender, has today announced that they have surpassed £1bn lent to SMEs and housebuilders across the UK.

As a result of reaching the milestone figure, Assetz Capital is offering one per cent cashback for new and existing customers who invest via the platform before midnight on 5 April 2020.

Since the platform was founded in 2013, the peer-to-peer lender has seen increased levels of growth— it took the platform until June 2018, nearly five years, to reach £500m invested but only 20 months to double that figure.

Manchester-based Assetz capital currently has over 38,000 individual investors on the platform who have made £111m in interest to date. 

Stuart Law, CEO and founder of Assetz Capital, said: Our peer-to-peer model will continue to support economic growth through UK businesses and housebuilders in 2020 and beyond, and our new 1% cashback offer will provide a welcome boost to our investors looking for a fairer return on their investments.”

The firm recently announced more than £100m had been invested through its Innovative Finance ISA and also came 53rd on The Sunday Times Tech Track 100 league table in September 2019.

“Having funded around 1 in 100 new homes built last year and supported many thousands of jobs, we have firmly established ourselves as one of most successful providers of much-needed income for investors as well as being a much-needed funder of growing businesses and in turn the UK economy,” said Law.

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