Ablrate

Ablrate
Founded July 2014
Headquarters London, England
Industry Financial Services
Products Peer-to-peer lending
Services Financial Services
Parent Aviation and Tech Capital limited
Website www.ablrate.com

Ablrate is a peer-to-peer lending company with specialization in aircraft and capital equipment. As a marketplace lender, it enables private and institutional investors to lend money directly to businesses in the leasing sector. Ablrate’s platform has seen several successful transactions including ones for government owned airlines. To date the new platform has traded over £5.5 million.[1] The company has £50 million-£100 million forward looking trades in the pipeline, which puts it in a strong position for the coming year.[2][3]

Operations

Ablrate is a UK-based peer-to-peer lender aimed at bringing lenders and borrowers together to finance asset backed transactions in aircraft, capital equipment, property and other categories. It was the first peer-to-peer lending company in the world to offer investors access to loan in commercial aircraft leasing.[4]

It allows investors to evaluate each loan opportunity and make a value judgment on what they would like to invest in, at what rate of return and what risk.[5]

Founders and investors

David Bradley-Ward, a former engineer in the Royal Air Force, after spending many years in the financial services industry, founded Ablrate in July 2014. Qualified by the Chartered Institute for Securities & Investment in Corporate Finance, Financial Regulation and Securities, David has worked alongside a number of companies raising finance and structuring transactions in the UK and worldwide.

Following a few months after its launch, one of Europe’s dedicated peer-to-peer lending funds, Synthesis Multi-Asset Architecture (SICAV-SIF), signed an agreement to invest USD 20 million through Ablrate’s platform.[6]

Business developments

By November 2014, Ablrate had completed three aircraft transactions with the approximate value of £1.8 million.[7][8] It also secured a USD 20 million commitment from investment company Synthesis, Europe’s first dedicated P2P fund, to invest via the Ablrate site.[7]

In June 2015 the company launched its new website with a two-way secondary market offering the ability to make bids and offers for loans. It is also set to launch a unique 'Auto Invest' feature, which will interact with all elements of the platform from primary to the secondary market and allow investors to tailor their investment requirements and let the system trade for them automatically.[9]

Strategic partnerships

In March 2015, Ablrate announced its strategic partnership with SIPPClub, a Self-Invested Personal Pensions (SIPP) provider and financial portal. The partnership enables sophisticated investors to invest in Ablrate loans through EvolutionSIPP,[10] an all-inclusive SIPP platform for affluent people. SIPP will assist the marketplace lender in sourcing loans. In the same month, Ablrate also partnered with investUP (known as UP platform),[11][12] that will focus on marketing Ablrate's deals.[13] In addition, the platform's registered users will have access to the lender's asset backed transactions.

References

  1. ↑ Samantha Hurst. "Ablrate exceeds £3 million in funded loans".
  2. ↑ Ryan Weeks. "Ablrate Launches Secondary Market".
  3. ↑ Rachel McGovern. "Ablrate Launches Secondary Market".
  4. ↑ Victoria Bryan. "Fancy investing in a plane?". Reuters. Retrieved 2014-08-25.
  5. ↑ "Ablrate lends a hand".
  6. ↑ "Institutions Moving in With Platforms Old and New".
  7. 1 2 JD Alois. "Synthesis P2P Fund Will Invest Through Ablrate, Lending Platform for Commercial Aircraft Leasing". Crowdfund Insider. Retrieved 2014-11-12.
  8. ↑ Richard Watts. "New partnership opens Ablrate to SIPP Investors". Nurture Money.
  9. ↑ Jack McCarthy. "Aircraft P2P Lender Ablrate Launches Platform for the Secondary Market". Crowdfund Insider. Retrieved 2015-07-15.
  10. ↑ JD Alois. "Aircraft Backed P2P Lender Ablrate Partners with SIPPClub". Crowdfund Insider. Retrieved 2015-03-30.
  11. ↑ Sotiris Kanaris. "Asset-backed P2B lender Ablrate joins online platform". Leasing Life. Retrieved 2015-03-18.
  12. ↑ "Ablrate joins the InvestUp platform". Bob's guide. Retrieved 2015-03-17.
  13. ↑ "InvestUP adds five crowdfunding sites to platform". Bob's guide. Retrieved 2015-03-17.

External links

This article is issued from Wikipedia - version of the Thursday, February 11, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.