Assetz Capital reports record lending to SMEs

Since the start of 2014, Assetz Capital’s lending volumes have risen by around 15 per cent each month on average. Based on growth to date, the platform expects to hit approaching £100m of lending by the end of 2014 and to have exceeded £300m by the end of 2015.
 
In order to make peer-to-peer lending more accessible, Assetz Capital has completely redesigned its platform, allowing investors to choose from several investment accounts which invest money automatically in P2P loans which match certain criteria. Meanwhile, experienced investors can continue to hand pick specific loans, with precise control over which loans they invest in.
 
Stuart Law, CEO of Assetz Capital, commented:

“This level of growth is in line with our expectations, and we’re really pleased to have been able to achieve this milestone using solely retail investor funding to date – a rarity in today’s market where institutional money is also keen to benefit from our high quality loan origination and healthy interest rates.
 
“The growth in lending volumes and investor numbers reflects the fact that P2P lending is increasingly attracting a retail audience – ordinary investors who are disillusioned with the low rates they’d get elsewhere. As the lending process becomes simpler and less time-consuming, we believe that investors will take advantage of P2P in even greater numbers.”