Borrowing

Nov
19

Bendigo embraces fintech to offer instant home loans

In its bid to improve its services for potential mortgage clients, Bendigo Bank has partnered with fintech provider Tic:Toc to offer instant home loans starting early next year. The partnership enables Bendigo to utilize Tic:Toc’s platform in offering an automated assessment on home-loan applications. The bank was the first Australian lender to offer a digital […]

By Reposted by Australian FinTech | Banking . Borrowing . FinTech . Lending . Mortgage
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Nov
16

Prospa recognised in the Deloitte Technology Fast 50 Australia awards for Leadership

Prospa, Australia’s number one online small business lender, has ranked 5th for Leadership and 20th overall in the 2018 Deloitte Technology Fast 50 Australia Awards. The awards rank Australia’s fastest growing public or private technology companies based on their percentage revenue growth over the last three years (2016-18). To qualify, each company must have minimum […]

By Australian FinTech | Borrowing . FinTech . Lending
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Nov
16

How one fintech is changing the mortgage industry

Customers choosing home loans have traditionally either negotiated directly with banks or worked with a broker to secure the best loan that particular broker could find them. But with hundreds of lending products on the market and many brokers working with panels that limited them to a small subset of loans, consumers lacked the information […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending . Mortgage
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Nov
15

Lumi raises $31.5m to improve small business lending

Australian fintech company and alternative lender Lumi has announced it has raised $31.5 million in Series A funding as part of its plans to give small- and medium-sized enterprises easier access to finance. As a result of the funding, Lumi will become the first pre-revenue fintech business lender to offer a warehouse securitisation program in […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending . Venture Capital
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Nov
14

Morrison government fund offers $2b boost for SME loans

The Morrison government will inject $2 billion into the small business loan market in an unprecedented effort to boost lending to cash-starved firms which have complained of a worsening credit squeeze.The creation of a taxpayer-backed securitisation fund to invest in small and medium enterprise (SME) credit will also potentially expand an asset class for institutional […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending
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Nov
08

New breed of savvy Australians embrace digital and choice in pursuit of home ownership

The Lendi Home Loan Index Q3 2018 (LHLI) unveils key trends among Australians searching for a home loan online*. The LHLI suggests that more consumers are taking financial matters in their own hands by embracing a digital-first approach in lieu of the traditional bank or broker model.   While the wider home loan industry is […]

By Australian FinTech | Borrowing . FinTech . Lending . Mortgage
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Nov
07

Ord Minnett readies online consumer lender MoneyMe for fund raising

Fast-growing consumer lending company MoneyMe knows plenty about writing cheques, and now it is asking potential investors to do the same. Street Talk understands MoneyMe will front institutional investors and family offices in coming days, seeking support for a pre-initial public offering funding round. The raising is expected to be worth as much as $15 […]

By Reposted by Australian FinTech | Borrowing . FinTech . Investing . Lending
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Nov
01

Wisr tech upgrades lower average interest rate, drive growth and creditworthiness

Wisr, Australia’s first neo-lender (ASX: WZR), saw continued strong loan growth and customer acquisition in the first quarter of the 2019 financial year. Between July and September 2019 the company saw loan origination value grow by 49% when compared to the previous quarter, as well as 22% increase in overall loan volume. The result is […]

By Australian FinTech | Borrowing . FinTech . Lending
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