Cashflow group appointment to help expansion
A cashflow finance group has appointed a new manager to oversee operations as it continues to grow Australia-wide. Australian Invoice Finance (AIF), which launched in August 2017, has hired Chris Allchin as senior manager to set up its Victorian and Tasmanian operations and spearhead sales growth in both states. Allchin, who is based in Melbourne, […]
Fintech joins express loans partnership
A digital mortgage service fintech has announced it will join a partnership to create fast, paperless home loans. Tic:Toc and Bendigo Bank announced recently they would be teaming up to offer “express” loans. Now, legal fintech LeadPoint, which specialises in providing automated home loan documentation, has announced it would join them. The group has generated […]
Banks will assess loans using real spending data: Basiq
A start-up backed by Westpac and National Australia Bank has developed software to read bank account data and automate the loan assessment process for banks, allowing them to base lending decisions on actual customer spending rather than relying on estimates and indexes. Basiq’s system is being used by Regional Australia Bank, whose chief risk officer […]
Unlocking cryptocurrency, Australian first launches into market
Helio Lending today boldly launched into the Australian cryptocurrency market. Helio Lending is the first independent crypto lending company to actively lend within Australia under an Australian Credit Licence (ACL#391330). Founder and Managing Director, John O’Shea said he was excited to bring this product to his clients in such an untapped area that has so […]
The sacrifices of running a small business in Australia
A new YouGov study of small businesses in Australia has found the lengths that small businesses owners go to make a success of their ventures. The research, commissioned by Australia’s number one online lender to small business, Prospa, shows that more than half (54%) of small business owners spend 6-7 days a week on their business, with […]
Fintech drops interest rates
A fintech has announced rate cuts across its investor home loans, including a 32 basis point reduction to its variable interest only product. Tic:Toc said the decision comes at a time of falling investor lending. The group has noticed a 33% drop in investment lending in the last quarter to November 2018. According to figures […]
APAC Alternative Finance report shows impressive growth
Australia is second only to China in market volume. The alternative finance industry continues to thrive according to the 3rd Asia Pacific Region Alternative Finance Industry Report by KPMG and the Cambridge Centre for Alternative Finance (CCAF) released this week. The global fintech sector has seen $117 billion invested in the last year, with $28 […]
RateSetter putting pieces in place to be Australia’s biggest consumer loans provider
CEO Daniel Foggo on the last four years and how Australia’s market is playing to its advantage. When RateSetter started operations in Australia four years ago, the peer-to-peer (P2P) lending industry was in its infancy and its risk-based, investor-funded loan was seen as an alternative. But a lot can happen in four years. Today, major […]
