Fintech lender raises $8m and banks on Prospa IPO boost
Prospa rival Lumi is banking on a growth spurt when its competitor in the non-bank small business lender market lists on the ASX in coming weeks.
Prospa announces IPO
Prospa, Australia’s #1 online lender to small business, announces an offer of new shares at an offer price of $3.78 per share to raise $109.6m via an IPO
Federal election will test the business preparedness of most SMEs
Research commissioned by OnDeck Australia confirms what many small business operators already know: A Federal election can be a real pain in the bottom line
Australian fintech company Tic:Toc slashes mortgage rates to the lowest in the country
Tic:Toc today announced it has slashed its mortgage rates to the lowest in the country, saving home owners and buyers thousands on their repayments.
Greensill to challenge Citi with $1.15b boost from Softbank
Rich Lister Lex Greensill says a $1.15 billion equity injection from Softbank, the largest-ever venture capital investment in an Australian private company.
Smartline adds SME lender to panel
Smartline Mortgage Advisers has brought Prospa onto its lender panel to provide Smartline brokers with greater product choice for clients.
New no-deposit home loan offering launched
Mortgage marketplace HashChing has re-introduced a deposit-free home loan product to support the entry of first home buyers into the mortgage market.
Neobank CEO urges borrowers to build buffer
Borrowers should resist the urge to take on more debt and build a buffer to guard against the continued weakness in the economic environment, according to the CEO of a challenger bank.
