Borrowing

Aug
23

SMEs need protection from online Payday Lenders

In 2015, online SME lending in Australia was around $250m, up from a zero base two years ago. Growth will continue exponentially and online SME lending will become a significant alternative source of funding for Australia’s SMEs. Online lenders perform an important role by lending to thousands of SMEs that would otherwise struggle to attract […]

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LoanDolphin exceeds $100m in home loan auctions

LoanDolphin, Australia’s leading loan bidding platform, has reached a significant milestone with more than $100 million worth of home loans through its platform. LoanDolphin launched in February 2016 and the $100 million mark was surpassed August 2016. LoanDolphin is a free online platform for people to refinance or obtain new home loans at rates not […]

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Aug
19

The Pulse of Fintech

‘ The Pulse of Fintech ’ is a quarterly report created by KPMG along with KPMG Enterprise’s Global Network for Innovative Startups and CB Insights (the ‘go to’ name for insights related to venture capital investment) which launched on August 17th, 2016. The series analyses the latest global trends in venture capital investment data on […]

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Aug
15

Money for nothing, cheques for free in the sharing economy

THE bank of mum and dad is receiving a welcome cash injection as a growing number of households put a price on the things they previously gave away for free. More households are renting out a spare room, car sharing, selling goods and services and even lending to each other as the “sharing economy’’ expands, […]

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Aug
15

P2P lifts in popularity amid miserable year for banks

With deposit rates at low levels and the local share market still choppy, peer-to-peer lending has become an interesting alternative for Australian investors over the last few years. But some cracks in the model appeared in the US recently when one of the biggest peer-to-peer platforms was caught up in a scandal that it is […]

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Aug
12

Kerry Agiasotis of WUBS: Win-win when rivals turn partners

One of the world’s largest non-bank providers of international business payment solutions says aspiring fintech companies should seek to pursue partnerships with their big company ­rivals rather than fighting them if they want their ideas to reach their full potential. The chief executive of Western Union Business Solutions, the dedicated business payments unit of the […]

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zipMoney – User Experience

We here at Australian FinTech are mad mountain bike riders. So when one of us – me – decided it was time to buy a new bike, this time a road bike, I thought that instead of just walking in and paying cash or dumping it yet again on the credit card, why not utilise […]

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Aug
11

The fintechs targeting SMEs

Fintech companies have increasingly started targeting SMEs looking for ways to finance their businesses, but fintechs shouldn’t expect a revolution without a few setbacks. At least, that’s the view of some of the industry’s own experts and participants. With the market having had a few years to run its course, digital lenders, payment platforms and […]

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