Ablrate, an FCA-regulated P2P lending platform, have originated £44million of loans, returned £10million+ in interest and capital and attracted £8million into their IFISA. Their secondary market has traded £32million between lenders and they generated £1.7million in fees in the 17/18 financial year.
Ablrate brings lenders together with borrowers to complete asset backed loans. We have a community of 5000 lenders who complete £1 million+ worth of loans per month to small and medium sized businesses throughout the UK.
Having launched in late 2014 we have developed our bespoke platform to cater for the needs of our borrowers and lenders, from creating an innovative loan management system to a broker platform that will be launched Q1 2019. What we are most proud of is the development of the Ablrate Secondary Market. This market was created so that lenders didn't have to remain in a loan for the full term if there was an appetite for other lenders to buy that loan. That market has allowed our community to trade £32.9m as of 09/01/19 of which £18m has been traded in the last 12 months.
Ablrate is now ready to expand loan origination with the launch of its broker platform that will allow in-house regional teams to create deals on the platform managed and approved by head office.
Ablrate is also working to be the first platform integrated with a new system that aims to connect P2P platforms and loan originators worldwide utilising blockchain technology. This will also include the launch of our white label partners in Australia, the UK and the launch of a new platform in Singapore where we have the opportunity to acquire a company with a local license, subject to agreement on terms.