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The Assetz Capital platform is no longer open to investment from individual investors. No new investments into peer-to-peer loans are possible and, as a result, no new funds should be deposited. The existing loan book relating to the Retail platform is now in run-off and this will, over time, deliver the return of capital to investors. Full information can be found here . Existing Retail lenders can still log in, view information regarding their account and loan holdings and operate their account in accordance with the information regarding the run-off provided on the link above. Please see this important message regarding the currency of the information on the pages on this website.

Assetz Capital and the Interface Financial Group launch global JV to provide invoice finance services to SMEs

Assetz Capital and the Interface Financial Group launch global JV to provide invoice finance services to SMEs

−    New Invoice finance solution for SMEs through JV of Assetz Capital and The Interface Financial Group
−    Investments can be made from £1, as with the rest of Assetz Capital’s peer-to-peer range
−    Returns are expected to be 10% pa gross yield for investors
−    50/50 Partnership signed and product to launch in January

Assetz Capital, one of the fastest growing peer-to-peer business lending platforms in the UK, and The Interface Financial Group (IFG), one of the North America’s largest alternative finance sources for small businesses and operating in nine countries, have signed a deal to deliver a much needed invoice finance peer-to-peer product.

Initially this will be available in the UK but will quickly roll out to Ireland and other European countries and then beyond.  The Joint Venture cements the desire of Assetz Capital to become a lender of choice for SMEs in offering a wide range of funding solutions, and for IFG to enter the UK and European P2P market.

Invoice finance investments will be available to Assetz Capital investors in Q1 of 2015. As with all loans from Assetz Capital, this new offering will be backed by realisable security and will go through the proven IFG credit underwriting process. Losses for the last four years across the whole of IFG’s invoice discounting volume of funding is just 0.04% pa average.

Unlike other invoice finance peer-to-peer platforms, Assetz Capital’s product can be invested in from as little as £1. Diversification being important, Assetz Capital will allow investors to automatically diversify their investments across an invoice portfolio rather than having to pick individual transactions to invest in.

Stuart Law, CEO at Assetz Capital commented, “We are building a range of credit products to suit all kinds of businesses, and also a marketplace of peer-to-peer investment products to suit all kinds of investors from retail and ISA through to hedge funds and credit funds. Invoice finance offers short-term funding for businesses, partially replacing overdraft facilities, in return for healthy, returns for investors. There is a big appetite from both businesses and investors for this managed solution.

“Assetz Capital takes a strict stance when it comes to credit underwriting and security on its loans and all invoice finance transactions will follow the equally strict and proven IFG credit process.”

“Having lent more than £55m to UK SMEs and property developers in 18 months, the new invoice finance product is the next stage of growth from Assetz Capital.  It will offer a new form of investment for our lending customers and is the second new product in as many months, following the Green Energy Investment Account.”

“A new Invoice Finance Account will be launched which will provide strong liquidity across an asset class that as an average transaction duration of 42 days.”

Partnering with Assetz Capital, The Interface Financial Group (IFG), who just has launched its invoice finance marketplace platform in US and Canada, and has worked with hundreds of thousands of small businesses in the 9 countries for more than 40 years. Offering alternative short-term business funding solutions, they have successfully grown into a valuable short-term funding solution for many SMEs.

George Shapiro, CEO and Chairman of The Interface Financial Group (IFG), said: “We’ve been working with thousands of businesses over the years who were unable to obtain traditional business finance facilities. The growth of IFG demonstrates this, and with Assetz Capital’s peer to peer finance platform and our market leading credit-underwriting platform we are able to expand our footprint in UK and Europe so that more businesses globally can benefit from agile financial solutions. The peer-to-peer model also enables investors to gain great returns, so we’re looking forward to getting started.”

Essential characteristics of Assetz Capital, include:

  • The loans are backed by tangible security so should one default, that security can be used to try to recover lenders’ capital.
  • There is a minimum investment of £1 due to there being no lender costs that make small investments uneconomic.
  • If a lender needs their money back early, they can sell on loan parts via the active secondary market so long as there are other investors to buy them.

To find out more about Assetz Capital, click here.

-END-

Note to editors

To arrange interview with any of the Assetz Capital founders, please contact:

Luke O’Mahony

lukeo@agencybrazil.com or assetz@agencybrazil.com

020 3176 4993

Or

Stuart Law, Chief Executive,

Assetz Capital Limited

07977 982 401

stuart.law@assetz.co.uk

About Assetz Capital Limited

Assetz Capital aims to create a fairer lending landscape, providing non-bank loans to small and medium sized enterprises and property developers in the UK, helping them gain access to finance for their projects and future business growth. Rather than being just a website or a dot com business, it is run by professional bankers with huge experience of quality and safe lending, alongside a nationwide network of relationship managers who visit and vet potential borrowers. Tangible security is in place to reduce the risk of capital losses for investors and traditional credit assessment techniques are employed rather than computer based assessments.

Assetz Capital is part of the long established Assetz group of companies, founded by Stuart Law, which has over 80,000 registered, cash rich private investors.

Call Assetz Capital: 0207 8701023 or visit retail.assetzcapital.co.uk  

About The Interface Financial Group (www.ifgnetwork.co.uk)

The Interface Financial Group (IFG) is one of North America's largest alternative funding source for small business, providing short-term financial resources, including invoice finance and invoice discounting. The company serves clients in more than 30 industries in the United States, Canada, Singapore, Australia, New Zealand, UK, Ireland, Mexico and South Africa and offers cross-border transaction facilities. With more than 150 offices and over 40 years of experience, IFG provides innovative accounts receivable funding services and solutions by offering short-term working capital to growing businesses. Single invoice factoring, or selected invoice finance, is an extremely fast way to turn receivables into cash.

IFG was founded in 1972 to provide short-term working capital to help small to medium-sized businesses grow. The IFG organisation operates on a local level, providing clients with local knowledge and experience and business expertise in numerous diverse areas in addition to accounts receivable factoring, including accounting, finance, law, marketing and banking.

CONTACT INFORMATION

George Shapiro
T: 321-301-299-2688
E: gshapiro@interfacefinancial.com

Headquarters: The Interface Financial Group

7910 Woodmont Avenue, Suite 1430
Bethesda, MD 20154
T: Toll Free: USA - 877.210.9748
T: Toll Free: Canada - 877.340.6893

- January 3, 2015

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