Borrowing

Jan
17

Capify secures $135 million from Goldman Sachs for SME loans

Capify, a leading Australian alternative SME finance provider has secured a $135 million credit facility from Goldman Sachs Private Capital (“Goldman Sachs”) to support its future growth plans and provide working capital to thousands of Australian SMEs over the coming years. The Sydney-based fintech company will use the new facility to accelerate the growth of […]

By Reposted by Australian FinTech | Borrowing . FinTech . Investing . Lending
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Jan
15

ANZ Bank buys into online mortgage broker Lendi

ANZ Banking Group has taken a strategic stake in online home loans platform Lendi. Street Talk understands ANZ paid close to $40 million for a minority stake, to become Lendi’s second largest strategic shareholder behind fellow Australian financial services giant Macquarie Group. Importantly for Lendi, which has 37 banks and lenders on its open home […]

By Reposted by Australian FinTech | Banking . Borrowing . FinTech . Investing . Lending . Mortgage
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Jan
14

Symple targets A-grade borrowers, leaves F-grade to big banks

New marketplace lender Symple Loans says it will lure in creditworthy borrowers with cheap loans and leave subprime loans to traditional banks. Symple Loans, which opened its personal loan book last month after raising $10 million, said it would use a risk-based pricing model and offer low interest rates to responsible borrowers who showed discipline […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending
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Jan
14

Asset finance lender joins broker panel

A mortgage aggregator has expanded its lender panel to enable brokers to help customers with personal and asset finance. Loan Market Group has welcomed RateSetter as part of its commitment as the industry’s trusted advisor. It aims to be a single specialist broker which customers can entrust their portfolio of real estate, personal and asset […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending . Peer-to-Peer
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Jan
08

Wisr added to Platform Finance panel as it strengthens business team

Wisr, Australia’s first neo lender (ASX: WZR), has joined the consumer lending panel of one of the country’s biggest finance broker communities and strengthened its business teams. Platform Finance, part of the Consolidated Operations Group (ASX: COG), has finance brokers across Australia and will now be able to offer their consumer clients access to Wisr’s […]

By Australian FinTech | Borrowing . FinTech . Lending
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Jan
08

Afterpay is different from competitors, says co-founder

Afterpay has rejected rival Zip Pay’s call for industry-wide responsible lending checks, saying the government shouldn’t take a one-size-fits-all approach to the buy-now, pay-later sector. The rift comes ahead of Afterpay and Zip’s scheduled appearance before a Senate committee later this month in Brisbane where Young Rich listers, Zip’s Larry Diamond and Afterpay’s Nick Molnar, […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending
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Jan
07

Top seven fintech business lenders compliant with new code of conduct

The seven largest online small business lenders have opened themselves to scrutiny by an independent oversight committee and pledged to adhere to transparent standards on pricing and dispute resolution, with the Australian Finance Industry Association and small business ombudsman endorsing the start-ups’ efforts at self-regulation. Prospa, Moula, OnDeck, Spotcap, Capify, GetCapital and Lumi now comply […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending
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Dec
17

Lender seeks to debunk non-bank ‘myths’

The chief lending officer of a credit provider has sought to refute the “myths” associated with non-bank lending amid concerns raised by financial regulators. Speaking to Mortgage Business’ sister publication, The Adviser for its livestream webcast, chief lending officer of La Trobe Financial Cory Bannister sought to “debunk” what he has perceived as “myths” regarding […]

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