Lending

Smartline adds SME lender to panel
May
13

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.

Borrowing . FinTech . Lending
DETAIL
New no-deposit home loan offering launched
May
10

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.

Borrowing . FinTech . Lending . Mortgage
DETAIL
Neobank CEO urges borrowers to build buffer
May
10

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.

Banking . Borrowing . FinTech . Lending . Mortgage
DETAIL
YOZO a quick and open answer to the business lending maze
May
09

YOZO a quick and open answer to the business lending maze

YOZO is redefining lending for small business by offering a transparent and seamless experience for their borrowing needs.

Borrowing . FinTech . Lending
DETAIL
Wisr delivers record loan origination growth on the back of an oversubscribed capital raise and multi-product business momentum
Apr
30

Wisr delivers record loan origination growth on the back of an oversubscribed capital raise and multi-product business momentum

Wisr Limited (ASX: WZR), Australia’s first neo-lender, grew new loan originations to a record $18.8 million last quarter, the Company announced as part of its Q3FY19 business update.

Borrowing . FinTech . Lending
DETAIL
Federal Election is no Easter treat for Australia’s small business community
Apr
17

Federal Election is no Easter treat for Australia’s small business community

New research commissioned by OnDeck, a leading online SME lender, confirms that Anzac Day’s proximity to Easter combined with the upcoming Federal election will negatively impact many SMEs. The stars have aligned for the nation’s employees, who can look forward to a 10-day holiday at the cost of just three days’ annual leave, thanks to this year’s confluence of Easter and Anzac Day. However, it’s not so positive for SMEs, which are already bracing for the impact of the Federal election. The research found that 59% of SMEs surveyed say their business has been impacted by previous major political events, notably elections. Over one in four (27%) SMEs expect the […]
Borrowing . FinTech . Lending
DETAIL
Australian FinTech company profile #6 – Crowd Property Capital
Apr
16

Australian FinTech company profile #6 – Crowd Property Capital

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 start your fintech company?: To fill the gap that has emerged from the traditional banks tightening credit. What the best thing your company has achieved or learnt along the way (this can include awards, capital raising etc)?: Success is all relative, hard work and passion about your product is key. What's some advice you'd give to […]
Borrowing . FinTech . Lending
DETAIL
Rejected by banks: SMEs struggle to secure finance
Apr
15

Rejected by banks: SMEs struggle to secure finance

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 in operation for less than five years. Noah Breslow, Global CEO of OnDeck, says, “What is particularly concerning, is that one in three SMEs rejected for bank finance have had to reach out to family or friends for funding, or have simply resorted to using a credit card.”   Lengthy finance approvals hurt SME operations […]
Borrowing . FinTech . Lending
DETAIL