Peer to Peer Lender Ablrate Crowdfunds on Crowdcube Seeking £350,000
Summary
The asset backed online lender recently opened up the offer privately raising just shy of £100,000 from 58 individual investors. It is interesting to note that Ablrate is working to integrate a new system to connect P2P platforms and loan originators worldwide utilizing blockchain tech. As part of this project, Ablrate will be launching white label partners in Australia, the UK and a new platform in Singapore where they have the opportunity to acquire a company with a local license. “We have seen many companies of an equivalent size, or smaller than us, raising millions at large valuations before they have even proven they can make sustainable revenues, that would be against our very ethos. We are now ready to scale the business from a profitable stable base.” Any money raised is expected to be used to launch a new broker platform.