When you invest in a Note, you are investing in an obligation of wiseAlpha Limited. Borrowing companies make interest and capital payments on their loans or bonds to WiseAlpha Limited via their agent banks, and in turn, WiseAlpha Limited passes those payments to members holding the Notes.
WiseAlpha Limited is an independent company while the day-to-day platform operations are carried out by WiseAlpha Technologies Limited.
WiseAlpha Limited is designed to be an administrative entity with its assets (interests in the loans or bonds) substantively matching its liabilities (Notes issued to members). Its operational costs are minimal and are supported by the fees generated by the WiseAlpha platform. In the event that WiseAlpha Limited went bankrupt the loan or bond assets backing the Notes would be sold by the bankruptcy administrator and the proceeds used for the benefit of members who had invested in the Notes.
In the event that WiseAlpha Technologies Limited went bankrupt all un-invested member money and member investments in Notes would not be affected and would continue to be administered until the investments in WiseAlpha Notes mature. This ensures a separation of investor money (held and invested at WiseAlpha Limited) from the main operating company (WiseAlpha Technologies Limited).
Read more about the specific risks of investing with WiseAlpha here.