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Ablrate agrees to list with P2P deal aggregator

The aviation finance specialist will launch its new marketplace lending platform next month.

Marketplace lender Ablrate has entered into partnership with investUP, an alternative lender aggregation platform. Ablrate, an asset-backed lending specialist, will list its available transactions on the investUP platform, which now collates deals from nine crowdfunding sources.

David Bradley-Ward, chief executive of Ablrate, explained to PDI that his firm was initially reluctant to allow an aggregator to access their deals, but was convinced by the investUP team and the fact that they add value for investors with extra services.

Ablrate specialises in asset-backed facilities for business. The team behind the platform has a background in aviation finance. Thus the platform specialises in aviation but deals and collateral have included plant and business equipment. Deals range in size from several hundred thousand pounds to several million with tenors of between three and five years.

The team will next month launch an updated version of their platform following a year testing the beta site. Ablrate has 550 investors, many of whom are executives in the aviation business with expertise in the area. As well as individual investors with expertise in the area, Ablrate has attracted institutional investors, Bradley-Ward said.

Investment manager Synthesis, last year agreed to invest $20 million through Ablrate over 12 months. 

Over the coming months, as the new platform is rolled out, Ablrate will introduce new data offerings as well as an advanced secondary trading platform, Bradley-Ward told PDI.

“We’re putting a lot into the secondary market because we believe if there is a good secondary market with liquidity, then the primary market will take care of itself,” he explained.