FIBA turns to P2P to bolster lender committee

By Bridging Loan Directory 9th March 2018

Assetz Capital is the first peer-to-peer (P2P) provider to become part of the Financial Intermediary & Broker Association (FIBA) Lender Committee.

FIBA, which is a new trade body for finance professionals, has partnered with Assetz Capital to offer greater support to more financial professionals by providing them with the training, guidance and assistance to provide better solutions to their clients.

Assetz Capital was established 2012 and has since grown into one of the largest UK P2P lending platforms with over £435m lent to date.

The Lender Committee, which is made up of 10 other UK finance providers, was launched in December 2017 to provide intermediaries with access to a comprehensive network of lenders to allow them to share product knowledge and receive expert industry advice. For the first time, an association has been created to support all intermediaries from a multitude of finance and lending disciplines, pledging to represent its members within and beyond the industries in which they operate.

Damien Druce, pictured, Director and Head of Intermediary Sales at Assetz Capital, said:

“Joining the FIBA Lender Committee further demonstrates our commitment to the intermediary market and raising awareness about alternative finance with business borrowers. We are delighted to be working with Adam and the team at FIBA who share our passion for intermediary engagement and education.”

Adam Tyler, FIBA Executive Chairman, added:

“Assetz Capital is a strong addition to the FIBA Lender Committee, providing a different voice from specialist property finance that can only enhance our discussions.”