Ablrate, a peer-to-peer lending platform that offers investors access to asset-backed loans against aircraft transactions, announced that is has completed over £3 million in funded loans.
Ablrate broke £3 million in funded loans just over a year since official launch, with £1 million being completed in the last six weeks.
CEO of Ablrate,David Bradley-Ward, shared:
“Although it is a significant milestone, hitting £3 million is not necessarily the full story, but the fact that 30% of this was achieved in the last 6 weeks, which shows that the new platform and the processes we have spent time developing are producing results. Also of great significance is that our pioneering secondary market, which offers a full bid and offer system that gives best execution opportunities to investors, has turned over £250,000 since its full launch in July”.
He then added:
“Reaching £3 million is a good step forward and achieving £1 million in the last six weeks is great, but we now aim to begin the process of increasing loans available and lender acquisition to make sure that this progress continues over the coming months. We aim to provide our lenders with great opportunities to lend into and we thank them for their business and for the significant help they have given in the development of our platform.”
