Australian Government backs Fintech HashChing with $700,000 loan from Jobs NSW

HashChing, a Sydney-based home loan marketplace, has just announced a $700,000 loan from Jobs NSW. Deputy Premier and Minister for Small Business John Barilaro said the NSW Government had backed the Fintech which is expected to create 46 jobs over the next five years.

“Jobs for NSW is helping some of our brightest business people overcome barriers to finance – it’s about making smart investments that allow good business ideas and businesses to grow,” said Barilaro. “The Jobs for NSW Strategic Growth Loan will allow the company to hire software developers, product developers, a data scientist and sales and marketing staff to support HashChing’s continued growth.”

HashChing is an online platform that enables borrowers the chance to bypass the big banks and get a better home loan from over 550 community rated mortgage brokers across Australia. Launched in August 2015, HashChing reports it now has matched over $900 million in loans through their platform. Hasching says it is growing at over 700% a year.

HashChing founder and CEO Mandeep Sodhi, said that Jobs for NSW had been extremely helpful in ensuring that HashChing remains at the forefront of the industry.

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Source: Australian Government Backs Fintech HashChing with $700,000 Loan from Jobs NSW | Crowdfund Insider