16-05-2018, 03:41 PM
From the Abl update email 16/05
Quote:Business News
There are a number of other loans coming and we are gearing up for a busy summer with announcements about the company coming soon. The first of these is that we have acquired an equity stake in Huddle Capital. Huddle already use version 1 of our technology which is currently being updated to reflect the new user interface and functionality. We are also working on a new project together that will see new functionality offered to both Huddle and Ablrate users.
Huddle provide loans that do not compete with Ablrate, such as smaller loans and different structures like unsecured lending for example. We will be working together on procedures and customer service and getting the Huddle guys up to speed on the new version of the platform as soon as possible. You can't use your Ablrate login on Huddle of course, so please do visit www.huddlecapital.com and see what's on offer.
This deal is part a strategic plan and expansion going forward. We will be letting you all know, within the next week or so, our plans for the rest of 2018 and beyond. All I can say at the moment is it's going to be exciting! We will be making some press announcements soon, but we promise that our lenders will be the first to know.