for 2.94% equity
CEO: Strategy, Marketing, Management
Chief Credit Officer
Managing Director, Property Lending: Management
Chief Technology Officer: IT, Software Development
Chief Risk & Compliance Officer: Risk, Compliance
Chief Operations Officer and Finance Director: Operations, Finance
Head of Capital Markets and Corporate Development
Please note that whilst the campaign is labelled as EIS eligible, the Company has £1,900,000 remaining of its EIS limit. We will, therefore, be looking to seek EIS relief on the first £1,900,000 invested into the campaign, with the balance being ineligible for tax relief. Any tax relief is dependent on personal circumstances and may be subject to change in the future.
Assetz Capital is one of the world’s leading Peer to Peer (P2P) business and property lenders and operates in the UK market. We facilitate direct secured lending between investors and business borrowers via our online investment marketplace. We believe we've now achieved critical scale, given that we are profitable and cash generative, a rare achievement in FinTech.
Assetz Capital was the first P2P lender to our knowledge to offer purely secured lending, taking realisable security in every case to avoid loan defaults becoming losses. Gross interest of over £26 million has been earned by lenders since the start of lending operations in April 2013 on loans funded to date of over £317 million.* For all loans written up to 31 December 2016, as at 1 August 2017, the lifetime expected losses from those loans stood at 1.09%. As agreed with the FCA, Assetz Capital discloses up to date performance data for its loans based on annual cohorts, details of which can be found on our website.
Assetz SME Capital Ltd, a subsidiary of Assetz Capital Ltd, is authorised and regulated by the Financial Conduct Authority.
The valuation for this equity round is £50 million versus the recent post money valuation of our first round of funding that converted at a net valuation of £20 million (£25 million less the 20% convertible discount).
*source: unaudited management accounts.