UK P2P Lender Ablrate Overfunding on Crowdcube: Ready to Scale

FCA-regulated P2P lender Albrate has surpassed its initial £350,000 Crowdcube crowdfunding target, having secured over £456,325 for 1.72% equity from more than 166 investors. Ablrate aims to not just be a peer to peer lending platform but an “integrated deal financing platform for the alternative finance industry.”

“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,” according to the Crowdcube campaign. “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.”

UK #P2P Lender @Ablerate now #Overfunding @crowdcube #crowdfunding #growth #business Click to Tweet

The £26M pre-money valuated UK peer to peer lender provides access to capital for British SMEs, reportedly having originated £46M+ of loans, returned £10M+ in interest and capital and attracted £8M into its IFISA.  Helmed by Co-Founder and CEO David Bradley-Ward, Ablrate said that it 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.

Looking ahead, Ablrate also plans to launch white label partners in Australia, the UK and a new platform in Singapore where the platform has the opportunity to acquire a company with a local license.

8 days remain on Ablrate’s Crowdcube campaign.


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