Assetz Capital forms joint venture with US alternative finance provider
US alternative finance provider Interface Financial Group (IFG) has formed a joint venture with Assetz Capital, a UK peer-to-peer lender, to buy invoices from businesses at a reduced price then collect when they are paid, typically within 60 days. This allows companies to access cash quickly but is seen as low risk for investors because the vast majority of invoices are paid.
- January 3, 2015