Fintech lender launches unique broker portal
An alternative online lender has launched a free digital marketing portal for mortgage brokers as it looks to strengthen its relationships with the third-party channel. Small business lender Prospa recently launched the Prospa Uplift Marketing Portal (PUMP) an online marketing resource of its partners. PUMP enables brokers to download application forms and fact sheets, send customised email and direct mail to clients and download images to use for social media. “There are over 60 registered partners in the first week who took it on board and ran activities with it,” Prospa CEO Beau Bertoli told The Adviser. “It is an easy to use but very powerful online marketing platform that […]
The Invoice Market sees significant changes in the industry as having both positive and negative impacts
Peer-to-peer alternative financier, The Invoice Market (tim), reached a notable milestone recently, celebrating two years since it helped its first business client cash flow a batch of invoices to the value of $968,340. As one of the earlier entrants to offer flexible invoice funding, the company has seen significant changes, both positive and negative, in the industry over this time. “From funding our first client, a fresh produce supplier, tim has built a strong business supporting SMEs where the traditional funders are unwilling or unable to do so. And, in remaining focused on our core objective, we have now provided funding to over 100 Australian businesses, making tim a […]
Fintech startup Edstart launches platform to help parents pay for private school fees
Fintech startup Edstart launched a new lending platform last week to help Australian parents manage the cost of private school fees. The private school market is the first of many education sectors the company is looking to target, offering low-cost, customised loan packages to make paying education fees simple and easy. The loans help parents to spread out the cost of school fees over the period of tuition and beyond, allowing 6 years of high school to be paid over 10 years or more. Co-Founder and CEO Jack Stevens said the company’s focus from day one has been on solving for customer pain points. “Over 35% […]
SocietyOne, Australia’s leading marketplace lender, appoints new board director
SocietyOne, Australia’s leading marketplace lender, today announced the appointment of Brett Clegg to its board as a non-executive director. Mr Clegg is Managing Director of News Corp Australia’s Community Publishing division. Among his responsibilities are its community titles in Sydney, Melbourne, Brisbane, Perth, SMB digital marketing services provider newsXtend, and the company’s investments in a range of disruptive technology companies including hipages and Sports Technology Group. Prior to spells with News Corp’s The Australian newspaper where he was deputy chief executive and later Fairfax Media’s CEO and Publisher of the Financial Review Group, Mr Clegg was a journalist, columnist and senior editor on the Australian Financial Review. He […]
H2 Ventures Fintech Expo 2016
H2 Ventures Fintech Expo 2016 H2 Ventures are hosting its third annual Fintech Expo, an opportunity to hear from some of the most talked about and exciting Fintech companies in Australia. Tuesday 19th of July 2016 Get your tickets here: http://h2vfintechexpo.eventbrite.com.au/ Save Save
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 […]
