Australian FinTech company profile #6 – Crowd Property Capital
[vc_row][vc_column][vc_column_text] Company Name: Crowd Property Capital Website: www.crowdpropertycapital.com.au Key Staff & Titles: David Lovato – Founder Location(s): Sydney In one sentence, what does your fintech do?: CPC is a prop tech introducer, our platform allows superior reach resulting in better deals for developers looking for non bank development funding solutions. How / why did you […]
Rejected by banks: SMEs struggle to secure finance
[vc_row][vc_column][vc_column_text]Research commissioned by OnDeck, a leading online SME lender, highlights the problems that small businesses face trying to secure finance. Two out of five SMEs surveyed have sought finance in the past. However, almost one in four (23%) have been knocked back by their bank. Rejection rates rise to 37% among businesses that have been […]
P2P borrowing up 45% year on year
[vc_row][vc_column][vc_column_text] Recent surveys conducted by ASIC have made it clear that the peer-to-peer (P2P) lending marketplace is continuing to grow in conjunction with the increasing demand for alternative funding sources. During the 2017-18 financial year, new P2P borrowing increased 45% to $433m, and outstanding loans were up 59% to $518m. While these numbers have “increased […]
Champion lender Jacaranda Finance sets a new pace for the fintech industry
[vc_row][vc_column][vc_column_text]Milton based lender Jacaranda Finance has been named the Champion of Financial Services at the Australian Small Business Champion Gala Dinner and Awards Ceremony on Saturday the 6th of April. Held at Sydney’s The Star Casino, with over 1,100 guests in attendance, Jacaranda was publically recognised as a champion small business, and an up and […]
HashChing outlines new funding plans
[vc_row][vc_column][vc_column_text] The COO of digital mortgage marketplace HashChing has revealed the company is repeating last year’s fundraising exercise after failing to achieve its $5m target. Last May, HashChing attempted to use equity crowdfunding space Equitise to raise $5m in a month and a half. Interested investors could back the fintech for as little as $250. […]
KPMG: Australia’s AltFin sector worth $1B
KPMG, an advisory and audit company, has released numbers that say Australia has a 32 percent share of the APAC alternative finance market, according to reports. The market has grown 88 percent year over year and it’s worth a total of $1 billion, the company said. This news comes in advance of the fourth edition […]
Unique marketplace driving alternative finance
The fourth annual AltFi Australasia Summit is approaching, with alternative finance leaders convening to discuss the future of the industry on 15 April. “Alternative lenders are currently facing a unique convergence of market happenings: reduced trust in traditional lenders, the upcoming shift to open banking, and the impending introduction of comprehensive credit reporting,” said the […]
Is this the Afterpay of small business?
Cloudfloat is one of a number of companies looking to bring buy now pay later to businesses. When Afterpay was founded in 2015, few could have predicted the impact that it and other buy now pay later providers would have on the consumer payment sector. From 400,000 users in 2016, the sector now boasts over […]
