Retail investor money in p2p lending has been slowly eroding for the last few years, but the UK’s p2p lenders...
The British Business Bank (BBB) has approved The Bank of India and Silicon Valley Bank to deliver the Coronavirus Business...
After turning a profit in 2016 Assetz Capital has continue that trend in the first half of 2017 by posting a seven figure pre tax profit; “We have reported considerable growth and stability over the past four years, and now that profitably has been consistently achieved in parallel to that strong growth, we continue to go from strength to strength,” said Stuart Law, CEO of Assetz Capital, to AltFi; this shows a trend in the UK of secured P2P lenders having a better track record to profit. Source.
The peer to peer lender is currently raising £1 million, having already raised £700,000 in their third equity crowdfunding campaign...
Assetz Capital has originated over 200 million British pounds ($247.02 million) in loans since its inception with 108 million British pounds ($133.39 million) originated in 2016; firm is primarily focused on secured lending for small businesses and property developers; monthly originations have been reaching 26 million British pounds ($32.11 million) and in the fourth quarter total lending for the platform was 45 million British pounds ($55.58 million). Source
Assetz Capital is a large P2P lender in the UK and now has authorization from the FCA; the company has lent more than GBP316 million ($410 million) to businesses and is now working on the final stages of its Innovative Finance ISA which it expects will be available in Q4 2017; Stuart Law, CEO of Assetz Capital, stated: "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. 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." Source
UK based p2p lenders RateSetter and Assetz Capital are pushing the government for access to government financing to help them...
New CFPB chief’s memo to staff: Enforce law, but don’t presume guilt 2019 could be the year CRA deadlock ends...
The UK’s Financial Conduct Authority approved new rules for the p2p lending market that many think will weed out weaker...