EQUITIVO, the fintech consultancy launched by Assetz Capital co-founder Andrew Holgate, will be advising Ablrate on its growth strategy and new blockchain platform.
The consultancy work will help the asset-backed peer-to-peer lender accelerate its growth, launch a new integrated broker platform, expand its marketing and develop new products, Equitivo said.
“Ablrate has already achieved great success, and we will be helping them take their loanbook from £2m per month to £20m,” said Holgate.
“Equitivo will be taking an active role in helping the company prepare its loanbook management for scale as well as implementing technology, operational and performance strategies. In the longer term we will also consult on institutional funding markets to further support its growth.”
Ablrate’s chief executive David Bradley-Ward said that his key focus this year is scaling the business.
“By bringing in a dedicated consultancy which has a successful track record in growing P2P businesses, it is a logical way to achieve our goals quicker,” he added. “In our fast-growing industry, there aren’t too many consultancies offering fintech services backed by a strong and successful track record.”
Equitivo will also advise Ablrate and its white label partner Huddle Capital on their integration with ASMX, a blockchain-enabled secondary market for trading private debt globally.
Ablrate has been working with ASMX on the new venture, which will enable investors to trade P2P loans from different platforms.
“With ASMX, one of the issues for investors is the numerous platforms all have their own logins and marketplaces,” said Holgate. “This makes it hard for investors to keep track of developments and compare products. We are helping ASMX to become the key to unlocking this problem.”
Holgate announced the launch of Equitivo earlier this month, aiming to fill a gap in the market by providing specialist advice for new and growing fintechs.
“There’s no support for companies in this sector, especially at the smaller end of the market,” Holgate told Peer2Peer Finance News at the time.