Assetz Capital reaches £200m lending milestone

Assetz Capital reaches £200m lending milestone

Assetz Capital has announced it has now lent £200m since the peer-to-peer lending platform launched in 2013.

The lender – which focuses on financing small- and medium-sized (SMEs) British businesses and property developers – is now providing secured loans totalling as much as £26m per month having lent £108m in 2016.

Investors in Assetz Capital have earned a total of £17m since the business launched with actual rates of between 3.75-15% per year.

Stuart Law, CEO of Assetz Capital, said: “Assetz Capital’s growth has been exponential over the past year as a result of the funding shortage for SMEs and the low interest rates on offer from banks and the fact that we’ve lent an incredible £108m last year is credit to our hard-working and experienced team.

“Another core reason [for] our success is our business model, which ensures all loans are backed up by property or other tangible assets.

“We believe that secured loans are the best investment model for our lenders and they allow us to achieve stable growth while keeping losses to a minimum.”

Assetz Capital currently has a default rate of 6% and losses of 0.8%.

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