Assetz Capital launches office in Belfast
UK-based peer-to-peer (P2P) lending business Assetz Capital has identified a “massive opportunity for P2P” in Northern Ireland as it opens a new office in Belfast.
Founded in 2012, the P2P finance provider has set up its new base in the Scottish Provident Building, 7 Donegall Square West, in the heart of Belfast’s financial district.
To date, Assetz Capital has lent over £410m to UK SMEs and has seen a significant rise in enquires from businesses based in Northern Ireland.
Assetz Capital offers a range of lending solutions including commercial mortgages, bridging loans, SME secured loans, development finance, renewable energy loans, buy-to-let for professional landlords, residential refurbishment, bridging finance and property investor hunting licence.
Andrew Fraser, Relationship Director for Northern Ireland at Assetz Capital, said:
“We’ve been doing business in the region for quite some time, so the launch of our Belfast office is a natural step. There is a massive opportunity for Assetz in Northern Ireland, which is becoming a hub for fintech companies. We have seen increased interest from borrowers in P2P, driven by the fact that there aren’t many other alternative lenders in the region besides the mainstream banks.
“We have always been committed to offering personal services, so it is important that we are within easy reach of borrowers and brokers operating on the ground. More and more companies are now noticing the benefits of P2P to support expansion and we expect this market to become a key growth area for our business.”