Assetz Capital launches cashback offer

By Roger Baird on Thursday 3 January 2019

Alternative Lending

The Manchester-based peer-to-peer lender offers cashback rewards to new investors

Peer-to-peer business lender Assetz Capital has launched a new cashback offer that rewards investors with up to £350 in cashback on new accounts.

Savers with between £5,000 and £10,000 will earn £100 cashback, while those who invest over £10,000 or £20,000 will earn £150 or £250 respectively. However, customers will need to invest by January 31 to trigger the offer.

Assetz Capital chief executive Stuart Law, said: “This cashback offer provides a welcome financial boost and is aimed at attracting new investors on to our platform.”

He added: “We expect that to grow significantly over the coming months. 2019 is set to be a bumper year for Assetz Capital.

The offer is available on both ISA and non-ISA access accounts that offer up to 5.1 per cent annual interest rates.

The Manchester-based lender added that customers who trigger the cashback will automatically qualify for a further £100 cashback boost, when they open and invest an additional minimum of £1000 into their 2019/20 ISA with Assetz Capital – which must be invested between April 6 and May 31 2019.

The firm also launched a property unit called Assetz Exchange in the final quarter of last year, allowing investors access to the sector.

The company, which began trading in 2013, said it has lent over £600m to small and medium-sized businesses over this period, and currently has more than 100,000 registered private investors signed to its platform.

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