Borrowing

Jul
19

Joust taps new Australian crowdfunding rules in bid to raise $2 million

Joust, an Adelaide based fintech that brings competitive tension to the home loan market by linking borrowers directly with over 20 lenders who compete against each other in real-time, has launched an equity crowdfunding campaign to raise $2 million. The Joust platform brings disruption to the $1.7 trillion home loan mortgage market where $2 billion […]

By Reposted by Australian FinTech | Borrowing . FinTech . Investing . Lending . Mortgage
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Jul
18

$2bn of broker commissions in fintech’s crosshairs

An Australian fintech has set its sights on disrupting the dominance of the mortgage broking industry by appealing to the banks who it claims are keen to reduce the $2 billion they spend on broker commissions. Adelaide-based online home loan platform Joust has distanced itself from its competitors in the fintech space, which has seen […]

By Reposted by Australian FinTech | Banking . Borrowing . FinTech . Lending . Mortgage
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Jul
12

Fintech provided with funding facility

A fintech lender has announced it will be able to fund up to $50million in loans after it was provided a funding facility by a major lender. Through a special purpose vehicle from NAB, GetCapital will now be able to fund more loans to small and medium sized businesses (SMEs) across Australia. GetCapital specialises in […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending
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Jul
12

Bank of Queensland bans using home equity loans for crypto

Lenders are banning property buyers from using home equity to buy cryptocurrencies because of regulatory fears and increased risk from volatile trading conditions. Bank of Queensland is the latest to ban any drawdown or lines of credit from loans to be used for leveraged purchases, trading or other use of the largely unregulated global digital […]

By Reposted by Australian FinTech | Banking . Bitcoin . Borrowing . FinTech . Lending . Mortgage
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Jul
10

The fintech transformation

According to one fintech expert, brokers could soon be replaced by smart speakers. But will customers embrace such a technological leap? Until the early 2000s, the process of booking a holiday involved trips to multiple travel agencies, hours thumbing through glossy brochures, and more sit-down meetings than the average mortgage currently requires. Today it’s a […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending . Mortgage
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Jul
05

Neo-lender Wisr announces record loan growth

Neo-lender Wisr more than doubled personal loan originations in the second-half of the financial year after a strong Q4, the company announced today. Loan origination value in H2FY18 rose by 136% on the previous six months, whilst the number of new Wisr customers climbed 118% during the same period. The result follows the company’s largest […]

By Australian FinTech | ASX . Borrowing . FinTech . Lending
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Jul
05

Australia needs state-backed SME investment: ombudsman

The small business ombudsman has released a long-awaited report on SME access to capital, and issued a range of recommendations, including the establishment of government-backed SME investment fund. Releasing the Affordable Capital for SME Growth report, Kate Carnell, the Australian Small Business and Family Enterprise Ombudsman (ASBFEO), said that Australian lenders consider SME loans to […]

By Reposted by Australian FinTech | Borrowing . FinTech . Investing . Lending
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Jul
05

Non-banks are the future of banking

The future of banking is in the hands of non-banks, says specialist lender Liberty. Non-banks, by nature, are “active, nimble, innovative and relevant”, allowing them to lead the competition, rather than be threatened by big banks. Non-banks provide a variety of solutions such as home loans, car loans, personal loans and business loans, as well […]

By Reposted by Australian FinTech | Banking . Borrowing . FinTech . Lending
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