P2P lending platform Assetz Capital raises over £3m on Seedrs

Campaign thought to be one of the largest in UK crowdfunding and second largest ever round hosted by the equity crowdfunding site

Peer-to-peer (P2P) lending company Assetz Capital has secured £3, 179,750 from 731 investors through equity investment crowdfunding firm Seedrs, in one of the UK’s largest crowdfunding rounds to date.

Run by experienced, professional bankers, Assetz Capital provides non-bank loans to UK-based small and medium-sized enterprises and property developers to help with future growth and accessing finance.

The company also employs a nationwide network of relationship managers who vet potential borrowers, and has security measures in place to reduce the risk of capital losses for investors, using traditional instead of computer based credit assessment techniques.

Smashing its initial £2m target, Assetz Capital’s campaign is thought to be the second largest hosted by Seedrs to date, behind Chapel Down Group’s raising of £3.9m in September 2014.

The UK alternative finance market has been predicted to grow from £1.7bn last year to £4.4bn in 2015 as companies turn away from traditional means for more efficient ways to raise capital with the UK  crowdfunding sector already having grown by 410% between 2012 and 2014.

Stuart Law, co-founder and chief executive of Assetz Capital, said: “We chose Seedrs for our crowdfunding round because we know it to be the most professional and respected platform in the equity space.

“Its size and reach were important factors, but so was its focus on helping investee companies grow while protecting investor rights. We were thrilled with the outcome of our campaign and fully understand why Seedrs is the equity platform that other crowdfunding and peer-to-peer lending platforms choose.”

Jeff Lynn, CEO and co-founder of Seedrs, commented: “All of these crowdfunding and peer-to-peer platforms focus on asset classes other than equity, so when raising capital for themselves, they wanted to work with the leader in the equity crowdfunding space.”

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  1. Great news for Assetz and peer-to-peer finance in general. Banks have faced too little competition for too long. Now that is changing with the emergence of new models for getting the UK’s businesses the finance they need. Companies like Assetz, Funding Circle and MarketInvoice helping fuel the growth of our most exciting businesses.