Member Article

P2P finance platform Assetz Capital targets South East tilt

Peer to peer (P2P) finance platform Assetz Capital has signalled a renewed push for business in the South East after bringing in a former HSBC commercial banking manager to head up its business in the region.

The London and Stockport-based FinTech firm, which last year lent over £100m to British businesses, has targeted the South East as a major area for growth, and will set about promoting its P2P lending services to businesses in the region.

Stuart Law, Chief Executive Officer of Assetz Capital commented: “During the past 12 months we’ve experienced considerable growth across the UK, lending more than £100 million to British businesses in 2016 alone. Our aspirations are set even higher in 2017 and we see the South East as a key growth area.

“Alex brings a great wealth of experience to his role as Regional Relationship Director and knows the area better than anyone else operating in this sector.

“It’s going to be an exciting year and one that will further cement Assetz Capital’s role as one of the largest and most successful P2P lenders in the UK.”

Joining from HSBC, Coleman’s previous position as Commercial Banking Manager saw him working with businesses in Kent on their day-to-day banking processes and facilitating growth and expansion in the region.

Commenting on his new role, Coleman said: “Having worked for many years in the South East, it’s clear to me that SMEs in the region could benefit immensely from P2P lending and I believe Assetz Capital is a well placed platform to help.

“My role will be to increase the awareness of peer-to-peer lending throughout the South East and to ensure that businesses which gain funding through Assetz Capital realise the benefits of this now established form of business funding.”

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