The British Business Bank (BBB) has approved The Bank of India and Silicon Valley Bank to deliver the Coronavirus Business...
UK based p2p lenders RateSetter and Assetz Capital are pushing the government for access to government financing to help them...
The peer to peer lender is currently raising £1 million, having already raised £700,000 in their third equity crowdfunding campaign...
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
Retail investor money in p2p lending has been slowly eroding for the last few years, but the UK’s p2p lenders...
The UK’s Financial Conduct Authority approved new rules for the p2p lending market that many think will weed out weaker...
New CFPB chief’s memo to staff: Enforce law, but don’t presume guilt 2019 could be the year CRA deadlock ends...
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.
Assetz Capital-as-a-Service (ACaaS) allows for full integration of the Assetz Capital API into websites and apps; the integration allows users to integrate the Assetz Capital peer-to-peer lending platform into other financial services businesses; UK financial account aggregator Bud is the first to integrate the solution with enhancements planned for the partnership; Assetz Capital is the the UK's second largest peer-to-peer finance platform for business and property and the firm says the solution will help increase visibility of the platform to a broader target market. Source