Type Private Listed | Industry Financial Services | |
Founded August 2008 (August 2008) Founder Nick Raphaely,Steven Beinart Services Secured loans, Personal asset loans , Collateral loan, | ||
Assetline is an Australian-based specialist in personal asset lending or pawn broker that offers short-term loans secured against collateral and personal assets such as jewellery, watches, gold, art, boat, cars, fine wine and other valuables.
History
Assetline was established in 2013 by Nick Raphaely and Steven Beinart to offer investors, collectors and high-net-worth individuals a way of accessing funding and unlocking liquidity held in alternative assets, similarly to overseas counterparts such as borro. Since the Global financial crisis there has been an increase in people and businesses looking past conventional banks and to alternative sources of funding, such as peer-to-peer lending and crowdsourcing finance.
Assetline’s clients range from art collectors and jewellers to mortgage brokers and auction houses, and it has operations in New South Wales, Victoria, Queensland and Western Australia.