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Assetz Capital announces six months Profit and Growth
Assetz Capital has today announced a continuation of profit for its half year results.
The company has revealed that it has recorded a seven-figure pre-tax profit in the six months from April to September 2017, in keeping with the profitability recorded for the entire 2016/17 financial year. With recent FCA approval, Assetz Capital remains one of the very few P2P platforms worldwide to achieve profitability, with a revenue run-rate of circa £15m pa.
From April 2017 to September 2017, well over £110 million was lent through Assetz Capital to credit worthy businesses nationwide, similar to the whole of last financial year.
In addition, Assetz Capital announced this month that it its investors have earned total gross interest of £30 million since the company’s launch in 2014.
Stuart Law, CEO of Assetz Capital, said: “We have reported considerable growth and stability over the past four years, and now that profitably has been consistently achieved in parallel to that strong growth, we continue to go from strength to strength. While many in this market are obsessed purely by lending totals, we believe there are other strong measurements of success that must be achieved to have a sustainable company that is a solid and large-scale institution of the future. Two of these are profitability and strong net returns for investors, and we continue to post strongly in both of these areas.”
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Lüt Announces Strategic Partnership with Safe Harbor to Expand Access to Compliant Closed-Loop Payments for Cannabis and Specialty Merchants
Lüt, a new financial ecosystem built for accessibility, reliability and growth with a first-of-its-kind closed-loop digital payments platform for cannabis and other high-risk industries, has announced its new partnership with leading financial services provider Safe Harbor to address one of the cannabis industry’s most persistent challenges: compliant and reliable payments. Through the collaboration, Lüt becomes a Safe Harbor Advantage Partner in closed-loop payment, expanding access to compliant, guaranteed-funds digital payments for cannabis and specialty merchants.
Figure Partners with moomoo and Keplr to Expand Global Access to the On-chain Public Equity Network (OPEN)
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OneDome Raises $25M Pre-Series C, Bringing Total Funding to $40M
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intelliflo and Söderberg & Partners today announced a new strategic partnership designed to deliver greater efficiency, smarter workflows and an enhanced technology experience for financial advice firms.
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Chargebase Launches to Help Merchants Cut Chargebacks and Give Easy Access to Verifi and Ethoca Alerts
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