Assetz Capital, one of the UK’s largest P2P platforms, has received full authorisation from the FCA.
Assetz Capital is now in the final stages of completing its work on its innovative finance ISA which will be ready to distribute in Q4 2017.
Assetz Capital’s secured loan model, which has earned investors in excess of £26 million in its first four years, was approved by the FCA following a detailed assessment. The company plans to continue with its existing investments, including its Access Accounts, the Manual Lending Investment Account and the Property Secured Investment Account.
Stuart Law, chief executive of Assetz Capital, commented: “We are pleased to have been granted full authorisation by the FCA in the last few days.
“Providing our investments within a tax free wrapper will help bring further respite to the income-starved investor.
“Our team has done fantastically well to deliver such success to all of our stakeholders over the last few years and we are all excited about the continuing journey.”