Peter Gammell-backed Octet takes BoQ’s debtor finance arm
Bank of Queensland has sold its debtor finance business to the market’s second biggest non-bank player, privately-owned Octet
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Business lender Moula announce Buy Now, Pay Later product for business
Australian business lender Moula today announces the strategic evolution of its business lending portfolio with the launch of Moula Pay.
Cashflow Finance reports 226% growth in equipment finance
Cashflow Finance announced that it saw strong growth in its equipment finance division in FY19, which is distributed solely through the broker channel.
Aggregator welcomes new lender to panel
Australian Finance Group (AFG) has welcomed to its panel Moula, an unsecured business lender who provides small business loans up to $500,000.
Lendi backs move to expand broker powers
Lendi co-founder Martin Lam called for further clarification relating to what level of assistance a broker can provide to a consumer before verifying their financial position.
Lender reports 2,000% increase in broker originated loans
SocietyOne has experienced 62% growth in loan originations since the introduction of the broker channel, passing $650m in overall lending.
Afterpay CEO dismisses threat from CBA’s big investment
Afterpay CEO Anthony Eisen has hit back at CBA’s entry into the buy now pay later sector, declaring Swedish rival Klarna was more like a traditional lender.