Assetz Capital raises £3m via crowdfunding platform Seedrs

Pound coins

Peer-to-peer lender Assetz Capital has raised more than £3 million via Seedrs, the second largest campaign hosted by the crowdfunding platform to date.

Assetz Capital, which provides non-bank loans to SMEs and property developers in the UK, passed its original funding target of £2 million.

Royal Bank of Scotland struck a deal with the lender to refer customers it is unable to serve to Assetz Capital and Funding Circle for small business loans.

The £3.18 million raised from 731 investors is the second largest Seedrs has seen since launching in 2012. Chapel Down raised £3.9 million in September 2014.

The crowdfunding site has raised more than £4.5 million in equity-based funding for other crowdfunding and peer-to-peer lenders such as Trillion Fund, Landbay, CrowdLords, CrowdCanDo and PledgeSports.

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