Borrowing

Dec
19

Tic:Toc expands to Tasmania, as NSW investors rush to purchase in Hobart.

Australian fintech Tic:Toc, announced their world first instant home loan platform will be made available to customers purchasing or refinancing properties in Tasmania. The online home loan, which uses a digital decisioning system to assess and approve finance in as little as 22 minutes, launched in July 2017 and initially excluded Tasmanian and Northern Territory […]

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Dec
11

Bank rules get tougher so technology’s importance grows

Borrowers who embrace apps and budgeting technology that tracks their spending are giving themselves a better chance of grabbing a good loan amid a crackdown by regulators. Stricter rules around loan serviceability means people able to prove what they spend are getting the upper hand. Financial regulator APRA last month called for more realistic living […]

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Dec
08

Credible founder Stephen Dash comes home for biggest ASX tech IPO of 2017

A 33-year-old Australian tech entrepreneur, who left Australia five years ago for Silicon Valley, will return home to ring the bell at the Australian Securities Exchange on Friday as his fintech company Credible becomes the biggest local tech float of the year. Stephen Dash, a former investment director at Mark Carnegie’s private equity, venture capital […]

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Dec
07

Yellow Brick Road and Prospa join forces to boost small business

Yellow Brick Road has added Australia’s leading online lender, Prospa, to its lending panel in order to diversify its offering for small business customers.   “A large number of our clients are small business owners,” Mark Bouris, Executive Chairman of Yellow Brick Road said. “We understand that the financial needs of a small business are […]

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Dec
04

Banking gap widens as tech-savvy consumers look to new products

They’re called peer-to-peer lenders or fintech companies and they’re shaking up the world of consumer loans and bank deposits. Here’s why. The gap between what people pay for consumer loans and what they get from bank deposits is widening, prompting them to look to new financial technologies for better interest rates. Peer-to-peer lender RateSetter has […]

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Dec
04

Funding.com.au launches mortgage-backed peer-to-peer investor platform

Mortgage lender funding.com.au has just announced the release of its highly anticipated peer-to-peer investor platform – with an impressive advantage over its competitors. Unlike other prominent peer-to-peer lenders including SocietyOne and RateSetter, loans issued by funding.com.au are backed by mortgages over Australian real estate. It is the first startup of its kind in Australia to […]

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Nov
30

5 Aussie fintech firms that are shaking up the home loan business

by Richard Whitten, finder.com.au The home loan industry is about to change in many ways with these Aussie startups leading the way. The home loan market is a multi-billion dollar industry that hasn’t yet seen many of the same disruptions as other industries. But that’s about to change. Fintech companies boasting apps, algorithms, blockchains and […]

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Sydney fintech Waddle just secured a $50 million debt funding round

Online cash flow lender Waddle has secured a $50 million debt funding facility, as it revealed it almost doubled its lending volume in the last financial year. The software is integrated into popular small business accounting packages like Xero, Intuit and MYOB to be able to look at which invoices are overdue for its customer. […]

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