Assetz Capital gains full FCA authorisation

ASSETZ Capital is preparing its Innovative Finance ISA (IFISA) for launch after becoming the latest peer-to-peer platform to receive full authorisation from the Financial Conduct Authority.

The secured business and property P2P platform said it would now aim to launch its tax wrapper in the fourth quarter of 2017.

The platform has lent £316m to UK businesses since launch in 2013, earning investors interest of more than £26m.

“We will shortly be revealing plans for our highly anticipated IFISA as the next step of our mission to deliver secured P2P loans to all,” Stuart Law (pictured), chief executive of Assetz Capital, said

“Providing our investments within a tax free wrapper will help bring further respite to the income-starved investor.

“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.”

- September 5, 2017