Bank disrupter Prospa readies first pitch to fund managers
Privately-owned small business lender Prospa will start its search for new investors in coming weeks, when it fronts local and offshore fund managers ahead of a planned initial public offering. It’s understood Macquarie Capital and UBS’s equities desks have been booking fundies to meet Prospa management in Sydney, Melbourne, Auckland and Hong Kong during the first week of February, […]
The everyday Aussie is increasingly choosing a peer to peer personal loan
Peer to peer lending cuts out the middleman (the banks) allowing everyday Aussies to both invest and borrow from each other through a regulated platform.
New online platform allows you to ‘auction’ your loan to the lowest bidder
There can be little doubt that the world of finance and lending has become more competitive. Imagine, though, a bidding war where lenders fight between themselves to give you the best deal on your mortgage, car or personal loan. That’s actually a reality with a new online platform that allows you to “auction” the loan […]
Lendi taps investors in fresh capital raising call
Online mortgage broker Lendi, which is backed by investors including Macquarie Group, has completed its latest round of capital raising. Street Talk understands Lendi last month ruled off a $25 million capital raise which was oversubscribed and supported by some existing shareholders, sophisticated investors and a number of blue-chip Australian institutions. The company is seeking […]
What is a peer-to-peer personal loan?
In 2018, peer-to-peer lenders are expected to significantly grow their share of the Australian personal loan market. Peer-to-peer lenders are now becoming an established part of the lending scene and new lenders are expected to enter in the next year. Alongside the big banks, the regional banks, credit unions and non-bank lenders, the peer-to-peer lenders […]
Can a fintech lending firm disrupt the big four?
If Australian banking needs a fundamental shake-up, it may come from insiders-turned-outsiders, and few fit that bill better than Jason Yetton at SocietyOne. As CVs for Australian bankers go, Jason Yetton’s background doesn’t quite scream ‘disruptor’. High-flyer perhaps, certainly ambitious and across trends. But helming a startup? Yetton started out in 1992 as a graduate […]
Australian FinTech Tyro launches SMB services
Australian bank Tyro is introducing new services for its small- and medium-sized business (SMB) customers. The new services include lending products, reports in The Adviser said, that provide SMB borrowers flat-fee business loans that can be provided in minutes. The FinTech is also providing banking services via SMB deposit accounts that integrate with cloud accounting […]
Moneycatcha moves into Stone & Chalk and expands team
Australian fintech start-up Moneycatcha has been selected to join fintech hub Stone & Chalk’s Sydney office following a rigorous vetting process. The move cements the company’s footing on Australia’s East and West coasts and signals confidence in its unique blockchain end-to-end loan origination solution. Stone & Chalk is the largest fintech hub in Asia, supporting successfully selected […]
