Australian FinTech Company Profile – HashChing
FINTECH COMPANY: HashChing FINTECH SECTOR: Online Mortgages WEBSITE: www.HashChing.com.au CONTACT: [email protected] PHONE: 1800 464 338 FOUNDED: 2015 FOUNDER(S) / CEO: Mandeep Sodhi & Atul Narang DESCRIPTION: HashChing is Australia’s first online marketplace allowing consumers to access great home loan deals without having to shop around. ABOUT: Completely FREE to consumers, HashChing connects you directly to verified mortgage brokers who can further negotiate a better rate from the lenders and save you time, hassle and money. Ask any home loan related question on HashChing and only verified financial experts will respond to you promptly to help you make smart and informed financial decisions. HashChing’s vision is to keep Australians financially smart […]
Australia’s Small Businesses receive boost to their funding with new credit tool
Australia’s leading peer-to-peer business lending platform, ThinCats Australia, has boosted small businesses’ opportunities for funding through the launch of a new credit assessment tool that makes finance applications easier. Created by local company Othera, the credit assessment tool allows small companies to prequalify for loans on the ThinCats platform, as well as allowing its 300 peer-to-peer lenders make more informed business lending decisions. ThinCats now has access to Othera’s Lender Dashboard to run credit assessments on loans applied for by small businesses on the platform. According to John Pellew, Chief Executive Officer and Founder of Othera, the typical prequalification process takes lenders anywhere from two to four […]
Loans flood in for fintechs
Non-bank business lenders are receiving more than $1.1 billion of loan applications every month as awareness of new fintech operators and other alternative providers accelerates, according to a new survey. Providing insight into the level of demand for loans outside traditional banks, the survey by online business lending aggregator eBroker found non-banks were attracting at least 11,676 loan applications a month, worth $1.13bn. Non-banks are alternative lenders that don’t take deposits, sidestepping the need for a full banking licence and oversight by the Australian Prudential Regulation Authority. The survey, conducted with marketing company WebBuzz, took place in early May and included the chief executives of 29 non-bank business lenders, including […]
Welcome to the new world of ‘regtech’
During a speech at the Tyro Fintech Hub in Sydney on Friday morning, federal Treasurer Scott Morrison pointed to the promise of “regtech” – a new word that is increasingly rolling off the tongues of the global regulatory community. Regtech (an amalgam of “regulatory technology”) is a subset of fintech (financial technology). While fintech has captured the imagination of banks, entrepreneurs and investors around the world for its ability to enhance how customers experience core parts of banking like lending and payments, banks are interested in regtech because new technologies can be deployed internally to reduce the costs of complying with various regulations. Morrison told about 200 members of the […]
Fintech MoneyMe progresses diversified lending platform, entering phase ‘2.0’
Consumer fintech startup, MoneyMe, has announced it’s launch into what they’re calling ‘MoneyMe 2.0’, with the release of a new $10,000 loan product, expanding it’s portfolio of all-purpose consumer loan products designed for the tech- savvy, convenience-driven millennial market. The product expansion signals MoneyMe’s transition from being a simple small loans provider, to a diversified consumer lending fintech driven by an advanced in-house technology platform that automates loan application approvals and reduces interest costs through intelligent customer profiling algorithms. “MoneyMe’s ultimate objective has never been to remain in one segment of the lending market, rather from day one we envisaged using technology to revolutionise the way finance is delivered to […]
Australian FinTech marketplace Valiant announces capital raise
Valiant, member of fintech hub Stone & Chalk announced today that the company has completed their seed round capital raising subscription. The $800,000 capital raise was led by fintech venture capital firm Reinventure, supported by H2 Ventures and a selection of prominent angel investors including Mitchel Harad and Vincent Turner. Co-Founders Alex Molloy and Richard Cotton launched the Valiant business loan marketplace in November 2015, with the aim to minimise the angst associated with sourcing, comparing, and securing business loans. Valiant partners with over 26 lenders from across the lending spectrum with more lenders being added monthly. Alex Molloy: “We built the Valiant marketplace to solve a very particular need. Until now, it has been difficult for time poor business owners to quickly […]
Sydney FinTech Valiant announces major partnership with Vow Financial
Valiant, member of FINTECH incubator Stone & Chalk will announce today an official partnership with the Yellow Brick Road Group (Yellow Brick Road and Vow Financial) at the Commercial Conference at The Sheraton Mirage Gold Coast. The partnership grants the Group exclusive partnership access to Valiant’s business loan marketplace platform and its range of non-bank small business lending solutions. Immediately, the Valiant marketplace solves the broker network’s concerns with sourcing, comparing, and securing funding for traditionally hard to finance SMB customers. Alex Molloy, Managing Director of Valiant: “The challenge for brokers is that serving customers in the short term funding space takes an unbalanced amount of time – and for hard to fund customers, […]
The Invoice Market appoints Head of National Sales and Referral Partnerships
Peer-to-peer alternative financier The Invoice Market (tim) has strengthened its senior executive team with the strategic appointment of Bernie Kelly as Head of National Sales and Referral Partnerships. Kelly comes to tim with an impressive track record of establishing financial services businesses and designing financial product solutions around the globe. Most recently he was Managing Director, International Operations for PolicyLink. In this position, Kelly grew the business, captured significant market share, and successfully negotiated exclusive strategic alliances with international asset managers, investment banks and global life companies. In commenting on the appointment, tim CEO, Angus Sedgwick said “I’ve known and worked with Bernie over the past 25 years. […]
