Assetz Capital, a UK-based P2P lender for SME finance, has smashed its Seedrs target by 50 per cent.
The company, which was initially seeking a minimum of £1m new investment on crowdfunding platform Seedrs, at a valuation of £50m, said it has collected more than £1.5m so far. To date, the campaign has landed investment from over 700 people, with the closing of the fundraise set to be on Monday 27 November.
Assetz Capital is a web-based Peer-to-Peer lending platform offering investors the opportunity to lend directly to UK Property and SME businesses. It claims to source a loan, meets the prospective borrower and provides all the necessary documentation to assist in making an informed decision on whether to invest in the business or not.
Investors pay no fees for using its platform and typically earn interest on a monthly basis. Unlike many other Peer-to-Peer platforms, Assetz Capital claims to seek to reduce risk to its investors by taking asset security against every loan.
The company recently relocated to a bigger head office in Manchester Green as part of its growth plans. In October, the firm announced that it has recorded a “seven-figure pre-tax profit” in its latest half-year results.
Earlier this week, CrowdProperty, a UK-based property peer to peer lender, surpassed the £600,000 target for its crowdfunding campaign on Seedrs.
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