Assetz Capital secures full FCA authorisation
Stuart Law

Assetz Capital secures full FCA authorisation

Assetz Capital has revealed plans for its Innovative Finance Isa (IFIsa) after receiving full authorisation from the FCA.

The peer-to-peer platform is in the final stages of completing work on its IFIsa, which it said would be ready to roll out in Q4 2017.

Assetz Capital plans to continue with its existing investments, which includes its access accounts, manual lending investment account and property secured investment account, as well as adding to its portfolio in the future.

“We are pleased to have been granted full authorisation by the FCA in the last few days, and as a result we will shortly be revealing plans for our highly anticipated IFIsa as the next step of our mission to deliver secured peer-to-peer loans to all,” said Stuart Law, CEO of Assetz Capital (pictured above).

“Providing our investments within a tax-free wrapper will help bring further respite to the income-starved investor.”

Assetz Capital has lent over £316m to date to businesses nationwide, while investors have earned in excess of £26m in its first four years.

The platform is now lending more than £25m per month to creditworthy SMEs.

“Our cautious approach of employing a world-class credit underwriting team and taking realisable security on loans is essential for our investors’ peace of mind,” added Stuart.

“Our focus remains to ensure the growth and security of our lenders’ investments, as well as the success of our borrowers’ businesses.

“Our team has done fantastically well to deliver such success to all of our stakeholders over the last few years and yet there is also so much more to achieve ahead of this milestone and we are all excited about the continuing journey.”

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