TruePillars live on nCino following joint deployment with KPMG
NASDAQ-listed nCino has today announced that TruePillars, a specialist SME lending company, is now live on the nCino Bank Operating System.
TruePillars launches innovative automatic investment capability
TruePillars, the online marketplace lender allowing everyday Australians to part fund loans to small businesses, today announced the launch of their automated investment capability, AutoInvest. AutoInvest is their new automated investment tool and the next chapter in a long line of innovations added to their 100% owned technology platform. The tool, which they believe is a unique innovation in Australian marketplace lending, offers investors the opportunity to establish standing investment instructions in accordance with their specific individual requirements. These instructions will then be automatically executed by the TruePillars platform without the investor having to log into the system, subject to the investor having sufficient funds available. “This innovation was driven […]
TruePillars secures $5m in Series A capital raise
TruePillars, the online marketplace lender allowing everyday Australians to fund loans to small businesses, today announced it has raised a total of $5 million in a Series A funding round. The funding round was led by a long-term Melbourne-based private investor, and includes both equity and commitments by shareholders to fund loans to Australian businesses on the TruePillars platform. Further commitments from additional investors are expected to be finalised by 30 September. The business will now commence a recruitment drive to more than double its number of employees over the next 12 months. “This investment will give us the means to further innovate and build on our service, including our […]
Thank You & Merry Christmas!
From the team at Australian FinTech, we’d like to say a massive THANK YOU to everyone who has supported us over the past 12 months.
P2P lending: What is it and how does it work?
P2P lending is where a central platform acts effectively as an introducer between parties that want to borrow money and parties who are looking to invest
Fintech business lenders to self-regulate
A lack of transparency around fintech borrowing costs for small businesses has prompted the industry committing to adopt a code of conduct and standardised interest rate and fee disclosures. The fintech sector hopes moves to self-regulate will help start-ups win trust and avoid concerns that helped prompt the royal commission into the banks. The Australian Small Business and Family Enterprise Ombudsman, FinTech Australia and the Bank Doctor, an SME advocate, will drive start-ups to improve disclosures that will allow small business customers to compare total costs, understand obligations and penalties if payments are missed, and ensure disputes are dealt with quickly and fairly. The moves come after a survey of […]
