Peer-to-Peer

May
24

Australian FinTech company profile #17 – Funding.com.au

Funding.com.au is the first Australian startup to register a peer-to-peer mortgage platform for retail investors & being fully licensed for consumer credit.

By Australian FinTech | Borrowing . FinTech . Investing . Lending . Mortgage . Peer-to-Peer
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May
02

RateSetter sails past $500 million in loans funded

In April RateSetter passed $500 million of consumer loans originated, making RateSetter the fastest Australian marketplace lender to reach this figure.

By Reposted by Australian FinTech | Borrowing . FinTech . Investing . Lending . Peer-to-Peer
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Apr
15

P2P borrowing up 45% year on year

Recent surveys conducted by ASIC have made it clear that the peer-to-peer (P2P) lending marketplace is continuing to grow in conjunction with the increasing demand for alternative funding sources. During the 2017-18 financial year, new P2P borrowing increased 45% to $433m, and outstanding loans were up 59% to $518m. While these numbers have “increased significantly” [...]
By Reposted by Australian FinTech | Borrowing . FinTech . Investing . Lending . Peer-to-Peer
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Mar
25

Borrowers switch to P2P lending for home loans

The irresponsible lending practices uncovered by the year-long inquiry by the Royal Commission on big banks seemed to have pushed borrowers to alternative lending providers, the CEO of peer-to-peer loan provider SocietyOne said. SocietyOne’s Mark Jones told Yahoo Finance that peer-to-peer loans have already gained traction in the industry. In fact, figures from the Australian […]

By Cameron Dart | Borrowing . FinTech . Lending . Mortgage . Peer-to-Peer
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Mar
22

Why more Aussies are turning to peer-to-peer loans

The Royal Commission into the banks and financial services unveiled a series of disturbing, infuriating and unsurprising truths. Australia’s response to the findings could send tremors through the financial services sector as the search for alternatives to the incumbent providers becomes more urgent. It means peer-to-peer loans – which have already seen significant gains – […]

By Reposted by Australian FinTech | Banking . Borrowing . FinTech . Lending . Peer-to-Peer
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Feb
25

SocietyOne: Peer-to-peer lending offers a “better deal than the banks”

CEO Mark Jones reflects on six months in charge of Australia’s biggest peer-to-peer lender. SocietyOne became the first Australian peer-to-peer lender to cross $500 million in total lending in August last year. Since then, the company has enjoyed 6 months of consecutive record months for lending and is now about to pass the $600 million […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending . Peer-to-Peer
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Jan
14

Asset finance lender joins broker panel

A mortgage aggregator has expanded its lender panel to enable brokers to help customers with personal and asset finance. Loan Market Group has welcomed RateSetter as part of its commitment as the industry’s trusted advisor. It aims to be a single specialist broker which customers can entrust their portfolio of real estate, personal and asset […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending . Peer-to-Peer
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Nov
30

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 […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending . Peer-to-Peer
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