Rimbal And Ablrate To Launch Asset Backed Peer Lending Platform in Australia, Ablrate.com

Industry: Finance

Rimbal Ltd and Aviation and Tech Capital Limited have entered into an agreement to launch the Ablrate asset-backed peer lending platform in the Australian market.

United Kingdom (PRUnderground) October 1st, 2014

Rimbal Ltd and Aviation and Tech Capital Limited have entered into an agreement to launch the Ablrate asset-backed peer lending platform in the Australian market.

Ablrate, developed and owned by Aviation and Tech Capital Limited, is a peer lending platform that focuses on the asset backed business loan sector.  Ablrate aims to bring lenders quality, secured lending opportunities from professional businesses seeking financing for income generating transactions in the aircraft, capital equipment and property sectors.

Rimbal Ltd through Australian company Rimbal Investment Services Pty Ltd is in the process of obtaining an Australian Financial Services License that will provide the regulatory and compliance system that will enable the Ablrate platform to operate in the Australian market.

Rimbal Ltd and Aviation and Tech Capital Limited are in the initial stages of scoping the operating structure and technical specifications of the platform interface with a view of launching in the Australian market in due course.

“There is a significant opportunity to target the ‘Self-Managed Super Fund’ [SMSF] market in Australia who are risk averse and yet have significant capital to invest,” Angus MacNee, the Managing Director of Rimbal said. “The Ablrate platform can provide a high-yielding fixed income asset-backed lending opportunity which is highly appealing for the SMSF market and represents an opportunity worth billions of pounds.”

The SMSF market in Australia is driven by the compulsory 9.5% pension contributions (payable by every employer) resulting in the 4th largest managed fund sector globally worth £1.2 trillion and the largest in the Asia-Pacific region. SMSFs are the fastest growing sector of the pension industry growing 53% from 2008 to 2013 and currently valued at £285 billion across approximately 520,000 accounts.

“Since our beta launch in the UK in July 2014, Ablrate has raised over £175,000 for great transactions with our lenders receiving up to 12% from secured loans ranging from 17 months to 6 years,” David Bradley-Ward, the Managing Director of Ablrate said.  “Although in our early roll out stage, we are greatly encouraged by our growth prospects in Europe; and Australia represents a new market opportunity where our platform can offer great value for businesses and lenders alike.”

About Ablrate (Aviation and Tech Capital Limited)

Ablrate is a peer lending platform that focuses on the asset backed business loan sector.  Ablrate has been designed to bring lenders quality, secured lending opportunities from professional businesses seeking financing for income generating transactions in the aircraft, capital equipment and property sectors.

www.ablrate.com

Contact: dbw [at] ablrate.com

About Rimbal

Similar to NutMeg in the UK, Rimbal Ltd is an online financial advisory platform that automates investment advice and allocation for Australian retail clients.  Using Rimbal, users can build a tailored investment strategy, make investments and see how their portfolio is performing through a simple online-interface.

www.rimbal.com.au
Contact: angus [at] rimbal.com.au

About Ablrate

Ablrate launched the worlds first asset backed peer to peer lending platform dealing primarily in aircraft deals. It allows investors for the first time to invest in aircraft transactions with high ROI\\’s.

Ablrate strives to be the global leader in asset backed lending against aircraft and other quality assets. Our purpose is to enable individuals and businesses to manage their own financial risk and returns. Helping our clients succeed and get a better, fairer deal in the world\\’s rapidly evolving financial markets. Our mission is to be the best in the eyes of our clients, employees and shareholders. For more information go to www.ablrate.com

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