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Able Lending

United States

Founded in

2011 (15 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Others

--/10

Reviews

--/90

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

Security Information :

Company hasn't provided information.

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

Company Information

Get to know Able Lending

Company Information

Get to know Able Lending

Founded in 2013 by Will Davis and Evan Baehr in Austin, Texas, Able Lending was a financial technology company that operated as a marketplace lender. Its unique model, termed "collaborative lending," encouraged small business borrowers to raise a portion of their loan from their own network of friends, family, and supporters (backers). By securing these backers, the borrower could unlock the remainder of the loan from Able's marketplace at a lower interest rate. The company aimed to provide more affordable capital to small businesses than traditional banks. In November 2017, Able Lending was acquired by the global small business lending platform, Funding Circle, and its brand and operations were subsequently absorbed.

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