There’s always a light-bulb moment behind every great idea – and so it was with us.
Back in 2011, we were in the middle of the global financial crisis and bank funding for businesses had pretty much dried up, particularly for anything property related. At the same time banks had slashed rates on some accounts to near zero and people were struggling to get any kind of fair return on their money. Times were hard.
We launched Assetz Capital in 2013 and since then our marketplace has become a simple and fair way to invest and borrow. We’ve lent well over £1bn to businesses and we’ve paid over £100m of gross interest to our investors, many of them retail investors investing some savings. Together, we’re having a huge impact, funding the house-building of around 1 in every 100 new build homes in the last couple of years and also supporting many other types of businesses from manufacturers to care homes and wholesalers to hotels.