Leading peer-to-peer business lender, Assetz Capital, has launched a new promotion which rewards its investors with a 1% or 2% cashback bonus on newly lent funds.
To benefit from the cashback offer investors simply need to invest new cash and leave it on the platform until 17th December 2018 – resulting in a 1% cash back on those funds – and if they leave those funds invested until 17th June 2019 they will receive an additional 1% cash back. Payment of the bonuses will be made on 20th December and 20th June, respectively.
The promotion will close on 30th September 2018 or when £10 million of new money has been invested on the platform, whichever is the later. The cash back automatically applies to new investments across all the investment accounts and ISAs – from the Quick Access Account (4.1% p.a. target gross loan interest – access times not guaranteed) to the Manual Lending Account (up to 15.5% p.a. gross loan interest*). As with all peer-to-peer lending, capital is at risk.
The cashback offer follows a successful year for the company, after it recently announced that its investors collectively had earned over £51 million in gross interest since launch in 2013. Assetz Capital’s rapid and sustainable growth has also earned it a spot in the 2018 Sunday Times Hiscox Tech Track 100 list, as one of the UK’s fastest-growing tech companies.
Stuart Law, CEO at Assetz Capital, said: “It’s been an incredible year for us so far and we want to continue to reward our investors for their commitment and support. This cashback offer couldn’t be simpler, and it’s another way for us to say thank you. We look forward to both long-standing and new investors taking advantage of it.”