Achieve Secures $186.4M AAA Personal Loan Securitisation
Achieve has successfully closed a $186.4 million securitisation deal for its Achieve Acceleration Loans, achieving AAA ratings from DBRS and KBRA. The deal highlights strong investor confidence in Achieve’s loan performance, further solidifying its leadership in the consumer loan securitisation market. Since 2018, Achieve has securitised over $6.4 billion and originated loans exceeding $12.5 billion, empowering individuals with innovative financial solutions. Table of Contents Transaction Details Empowering Consumers Through Innovative Financial Solutions Strong Loan Performance and Investor Demand A Proven Track Record in Securitisation Transaction Details Achieve, a prominent digital personal finance platform, has successfully closed a $186.4 million securitisation deal for its Achieve Acceleration Loans, further solidifying its position in the consumer loan market. The transaction, named ACHV ABS Trust 2024-3AL, was finalised on November 7, 2024, and comprises five classes of notes backed by a pool of over 13,000 unsecured personal loans. Both DBRS and Kroll Bond Rating Agency (KBRA) awarded AAA ratings to the deal, marking yet another milestone for Achieve. This securitisation represents Achieve’s 11th AAA-rated deal from DBRS and its 13th from KBRA, a clear testament to the company’s strong track record and robust loan performance. Empowering Consumers Through Innovative Financial Solutions Achieve has made … Continue reading Achieve Secures $186.4M AAA Personal Loan Securitisation
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