SOURCE: The Interface Financial Group

The Interface Financial Group

December 18, 2014 19:50 ET

The Interface Financial Group and Assetz Capital Have Launched Global JV to Provide Invoice Finance Services to SMEs

BETHESDA, MD--(Marketwired - December 18, 2014) -

  • New Invoice finance solution for SMEs through JV of Assetz Capital and The Interface Financial Group
  • Investments can be made from £1, as with the rest of Assetz Capital's peer-to-peer range
  • Returns are expected to be 10% pa gross yield for investors
  • 50/50 Partnership signed and product to launch in January

Assetz Capital, one of the fastest growing peer-to-peer business lending platforms in the UK, and The Interface Financial Group (IFG), one of North America's largest alternative finance sources for small businesses and operating in nine countries, have signed a deal to deliver a much needed invoice finance peer-to-peer product.

Initially this will be available in the UK but will quickly roll out to Ireland and other European countries and then beyond. The Joint Venture cements the desire of Assetz Capital to become a lender of choice for SMEs in offering a wide range of funding solutions, and for IFG to enter the UK and European P2P market.

Invoice finance investments will be available to Assetz Capital investors in Q1 of 2015. As with all loans from Assetz Capital, this new offering will be backed by realizable security and will go through the proven IFG credit underwriting process.

Unlike other invoice finance peer-to-peer platforms, Assetz Capital's product can be invested in from as little as £1. Diversification being important, Assetz Capital will allow investors to automatically diversify their investments across an invoice portfolio rather than having to pick individual transactions to invest in.

Stuart Law, CEO at Assetz Capital commented, "We are building a range of credit products to suit all kinds of businesses, and also a marketplace of peer-to-peer investment products to suit all kinds of investors from retail and ISA through to hedge funds and credit funds. Invoice finance offers short-term funding for businesses, partially replacing overdraft facilities, in return for healthy, returns for investors. There is a big appetite from both businesses and investors for this managed solution.

"Assetz Capital takes a strict stance when it comes to credit underwriting and security on its loans and all invoice finance transactions will follow the equally strict and proven IFG credit process."

"A new Invoice Finance Account will be launched which will provide strong liquidity across an asset class that as an average transaction duration of 42 days."

Partnering with Assetz Capital, The Interface Financial Group (IFG), who has just launched its invoice finance marketplace platform in the US and Canada, and has worked with hundreds of thousands of small businesses in the 9 countries for more than 40 years. Offering alternative short-term business funding solutions, they have successfully grown into a valuable short-term funding solution for many SMEs.

George Shapiro, CEO and Chairman of The Interface Financial Group (IFG), said: "We've been working with thousands of businesses over the years who were unable to obtain traditional business finance facilities. The growth of IFG demonstrates this, and with Assetz Capital's peer-to-peer finance platform and our invoice finance marketplace platform with leading credit-underwriting system we are able to expand our footprint in UK and Europe so that more businesses globally can benefit from agile financial solutions. The peer-to-peer model also enables investors to gain great returns, so we're looking forward to getting started."

About Assetz Capital Limited (http://www.assetzcapital.co.uk)

Assetz Capital aims to create a fairer lending landscape, providing non-bank loans to small and medium sized enterprises and property developers in the UK, helping them gain access to finance for their projects and future business growth. Rather than being just a website or a dot com business, it is run by professional bankers with huge experience of quality and safe lending, alongside a nationwide network of relationship managers who visit and vet potential borrowers. Tangible security is in place to reduce the risk of capital losses for investors and traditional credit assessment techniques are employed rather than computer based assessments.

Assetz Capital is part of the long established Assetz group of companies, founded by Stuart Law, which has over 80,000 registered, cash rich private investors.

About The Interface Financial Group (http://www.interfacefinancial.com)

The Interface Financial Group (IFG) is one of North America's largest alternative funding source for small business, providing short-term financial resources, including invoice finance and invoice discounting. The company serves clients in more than 30 industries in the United States, Canada, Singapore, Australia, New Zealand, UK, Ireland, Mexico and South Africa and offers cross-border transaction facilities. With more than 150 offices and over 40 years of experience, IFG provides innovative accounts receivable funding services and solutions by offering short-term working capital to growing businesses. Single invoice factoring, or selected invoice finance, is an extremely fast way to turn receivables into cash.

IFG was founded in 1972 to provide short-term working capital to help small to medium-sized businesses grow. The IFG organization operates on a local level, providing clients with local knowledge and experience and business expertise in numerous diverse areas in addition to accounts receivable factoring, including accounting, finance, law, marketing and banking.

Contact Information

  • CONTACT INFORMATION

    The Interface Financial Group
    George Shapiro, CEO
    T: 321-301-299-2688
    E: Email contact

    Headquarters:

    7910 Woodmont Avenue, Suite 1430
    Bethesda, MD 20154
    T: Toll Free: USA - 877.210.9748
    T: Toll Free: Canada - 877.340.6893

    Assetz Capital Limited
    Stuart Law, Chief Executive,
    Assetz Capital Limited
    07977 982 401
    Email contact

    Headquarters:
    Assetz House, Newby Road,
    Stockport, SK7 5DA
    0207 870 1023