Assetz Capital celebrates as investors rack up £100m in interest
- 19.12.2019 09:01 am
Investors in Assetz Capital have collectively earned £100 million to date in total gross interest.
Founded in the wake of the financial crisis in 2013, the marketplace lender has amassed a community of over 37,000 investors to its platform, ranging from banks and institutional lenders to businesses and retail investors.
It’s been a record year for Assetz Capital, which has seen almost £100m invested into its Innovative Finance ISA (IFISA) wrapped accounts. The marketplace lender is also poised to celebrate £1 billion lent to UK businesses to date.
2019 also saw Assetz Capital expand its repertoire of products with the addition of the 90-Day Access Account, which offers a gross target interest rate of 5.75% per annum. This adds to its existing Quick Access and 30-Day Access Accounts, which currently offer target interest rates of 4.1% and 5.1% respectively.
Stuart Law, CEO at Assetz Capital said: “Assetz was founded in the midst of the global financial crisis, with banks slashing interest rates to near zero and investors struggling to get fair returns, and the situation has remained bleak.
“Throughout this period, we’re proud to have gone from strength as a source of fair returns on people’s investments and this latest achievement is testament to the strength of our growing investment community, which spans retail investors and institutions alike.
“Our investment accounts are designed with investor’s needs in mind first and foremost; from automatically diversifying their investments through our Quick Access Accounts, to giving them complete control with our Manual Lending Accounts – all whilst giving them access to fair rates of return.
“We’re now looking forward to what 2020 may bring, and it’s already shaping up to be our biggest and best year to date as we rapidly head towards hitting £1 billion lent to UK businesses. We are looking forward to our investors joining us on every step of the journey.”