Mortgage fintech Funding.com.au raises $5 million warehouse to bring alternatives to cautious investors
Funding.com.au has raised a $5m warehouse from Equity Venture Partners to bring its secured lending platform to cautious investors seeking higher returns.
Following its $3.7m Series A capital raise, online mortgage marketplace funding.com.au continues to bolster its senior management with additional hires.
Following the news of its $3.7m Series A capital raise, funding.com.au kick starts 2020 with rapid expansion including a number of new hires.
Funding.com.au announced today it has raised $3.7 million AUD in a Series A funding round from local venture capital fund Equity Venture Partners (EVP).
Funding.com.au is the first Australian startup to register a peer-to-peer mortgage platform for retail investors & being fully licensed for consumer credit.
The Benzinga Global Fintech Awards are a yearly showcase of the best and brightest in fintech. In preparation for its biggest installment yet in May 2018, we’re profiling the companies competing for the BZ Awards. Our next feature is on Funding.com.au. What does your company do? What unique problem does it solve? Jack O’Reilly, managing director: Funding.com.au is a financial technology platform that provides real-estate secured loans to borrowers, and attractive mortgage investments to investors. The company currently assists borrowers seeking short to medium term mortgages through its end-to-end online loan application process. As the direct lender, it can assist borrowers with a quick, easy and cost effective settlement – […]
Mortgage lender funding.com.au has just announced the release of its highly anticipated peer-to-peer investor platform – with an impressive advantage over its competitors. Unlike other prominent peer-to-peer lenders including SocietyOne and RateSetter, loans issued by funding.com.au are backed by mortgages over Australian real estate. It is the first startup of its kind in Australia to gain regulatory authorisation to allow both wholesale and retail investors access to residential and commercial mortgages. The platform gives investors direct access to the short to medium term mortgage market – a lucrative asset class that has traditionally been guarded by the banks and sophisticated investors. Individuals, private entities and self managed super funds (SMSF) […]