Peer-to-peer lender reiterates commitment to brokers

By Ryan Weeks on Friday 7 July 2017

Alternative Lending

Assetz Capital to implement new strategy for supporting broker network.

Assetz Capital, a secured peer-to-peer lending platform for UK businesses, has outlined plans to develop its nationwide broker network.

The platform says that brokers have played a significant role in its growth to date, accounting for more than 350 successfully funded projects. The company intends to significantly increase its active broker network over the next two years.

Its strategy for doing this includes using its nationwide network of Regional Relationship Directors to provide local support to brokers, further product and pricing improvements, dedicated staff in its head office to provide telephone-based support, and finally a series of regional events designed to educate and support brokers. The first of these events has already taken place in Edingburgh, with several more set to be announced soon.

“While some of our business has come directly from SME businesses, the significance of the broker market is not to be underestimated in their contribution to Assetz Capital’s continued growth and success,” said Stuart Law (pictured), CEO of Assetz Capital. “We see brokers as truly complimentary to our direct offering, and as the alternative finance market develops, they will play an even more important role.”

Assetz advanced a record £31m in facilities in June, capping off a record quarter. The company has lent a little under £300m to date, according to AltFi Data. 

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