
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.
Whitepapers
Related reading
The latest issue of Payments [R]Evolution magazine is here
The industry-leading magazine is available to download now.
Dimebox CEO Raymundo Leefmans: “Bringing value to merchants is more important than just processing transactions from A to B.”
"Big players and traditional acquirers are struggling to get out of the commodity corner, to the point of providing agile services that allow them to be omni-channel and data-centric. That is what we provide, an opportunity to fulfill those goals."
Currencycloud secures a $25m investment from Google
The funding round totalled $61m, and will used to finance the company's global expansion plans.
Wirex, Paytm are latest digital payments companies to complete funding rounds
Monzo also revealed its latest funding round last week.