Mortgage

Jul
19

Joust taps new Australian crowdfunding rules in bid to raise $2 million

Joust, an Adelaide based fintech that brings competitive tension to the home loan market by linking borrowers directly with over 20 lenders who compete against each other in real-time, has launched an equity crowdfunding campaign to raise $2 million. The Joust platform brings disruption to the $1.7 trillion home loan mortgage market where $2 billion […]

By Reposted by Australian FinTech | Borrowing . FinTech . Investing . Lending . Mortgage
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Jul
18

$2bn of broker commissions in fintech’s crosshairs

An Australian fintech has set its sights on disrupting the dominance of the mortgage broking industry by appealing to the banks who it claims are keen to reduce the $2 billion they spend on broker commissions. Adelaide-based online home loan platform Joust has distanced itself from its competitors in the fintech space, which has seen […]

By Reposted by Australian FinTech | Banking . Borrowing . FinTech . Lending . Mortgage
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Jul
12

Bank of Queensland bans using home equity loans for crypto

Lenders are banning property buyers from using home equity to buy cryptocurrencies because of regulatory fears and increased risk from volatile trading conditions. Bank of Queensland is the latest to ban any drawdown or lines of credit from loans to be used for leveraged purchases, trading or other use of the largely unregulated global digital […]

By Reposted by Australian FinTech | Banking . Bitcoin . Borrowing . FinTech . Lending . Mortgage
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Jul
10

The fintech transformation

According to one fintech expert, brokers could soon be replaced by smart speakers. But will customers embrace such a technological leap? Until the early 2000s, the process of booking a holiday involved trips to multiple travel agencies, hours thumbing through glossy brochures, and more sit-down meetings than the average mortgage currently requires. Today it’s a […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending . Mortgage
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Jun
08

Fintech startup HashChing has launched an equity crowdfunding campaign

Mortgage marketplace startup HashChing, a fintech startup disrupting the monopoly of the big banks, has launched an equity crowdfunding campaign. It’s currently live on the Equitise platform, which has one of the seven crowdfunding licences issued for the first time this year. HashChing, which is seeking between $1 million and $5 million, has so far […]

By Reposted by Australian FinTech | Borrowing . FinTech . Investing . Lending . Mortgage
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Jun
06

Mortgage group’s “mortgage hell” billboard above CBA

Online mortgage startup HashChing is advertising with a billboard above a Commonwealth Bank of Australia (CBA) branch. The home loan marketplace has launched a campaign against the big banks, which includes this billboard in the Melbourne CBD. The slogan reads, “Our brokers will go to mortgage hell, so you don’t have to”. Mandeep Sodhi, CEO […]

By Reposted by Australian FinTech | Banking . Borrowing . FinTech . Lending . Mortgage
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Jun
01

Tic:Toc boss calls out HEM issues and ‘questionable’ third parties

The CEO of online mortgage lender Tic:Toc Home Loans says that no human judgement need enter the equation when it comes to assessing the expenses of a mortgage applicant. With the first weeks of the banking royal commission now behind us, Tic:Toc founder and CEO Anthony Baum believes it has become clear that there is […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending . Mortgage
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May
25

Australian Government backs Fintech HashChing with $700,000 loan from Jobs NSW

HashChing, a Sydney-based home loan marketplace, has just announced a $700,000 loan from Jobs NSW. Deputy Premier and Minister for Small Business John Barilaro said the NSW Government had backed the Fintech which is expected to create 46 jobs over the next five years. “Jobs for NSW is helping some of our brightest business people […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending . Mortgage
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