Assetz Capital takes Tech Track title
Assetz Capital has been included in the 2018 Sunday Times Hiscox Tech Track 100.
Published this weekend, the 18th annual Sunday Times Hiscox Tech Track 100 league table ranks Britain’s private technology, media and telecoms (TMT) companies with the fastest-growing sales.
Ranked 53rd, the leading business peer-to-peer lender had annual sales growth of 78% over three years with £13.7 million sales and almost 100 staff. It provides secured loans to UK businesses and housebuilders, while investors can earn target rates from 4.1% gross per annum and have earned over £50m of interest since 2013.
Its Innovative Finance ISA – launched in December 2017 – already has over £50 million invested in it, and can be used to invest in all of the Assetz Capital investment accounts.
Stuart Law, pictured, CEO at Assetz Capital said:
“To be ranked as one of the fastest growing technology businesses in the country is a great achievement and a testament to the hard work of our entire team over the past few years. Our view has always been that peer-to-peer lending is a long-term, transformational, economic force for good, and our commercial success is strong evidence that this is indeed the case.
“We provide finance for growth companies in order to help create jobs, and in turn grow GDP. This is very much the mantle of the alternative finance sector nowadays, rather than the banks of old and we are pleased to be part of the future landscape of finance for both businesses as well as investors seeking an income from their capital.
“We have always maintained a sensible balance between the finance and the technology in FinTech, ensuring that technology is used to help our highly experienced team spend spend as much time as possible deploying that finance experience instead of shuffling paper. It’s this approach that has allowed us to grow sustainably in a way that benefits our investors, borrowers and shareholders in a balanced way. While we will continually look to push the boundaries of innovation within our industry, it will always be executed in a measured way that doesn’t compromise our goal of sustainable, profitable growth.”
This year’s Tech Track 100 companies achieved a combined total of £3.3bn sales. They employ 19,300 staff, having added 14,000 employees to their combined workforce over the period.
The full league table is published as a 10-page supplement within the business section of The Sunday Times on 9 September, both in print and in the digital edition, and on www.fasttrack.co.uk.