Peer-to-Peer

Oct
22

RateSetter signs $100 million deal with the Federal Government’s CEFC for South Australian Home Battery Scheme

Australia’s leading peer-to-peer lender, RateSetter, has signed a $100 million funding deal with the Clean Energy Finance Corporation (CEFC) to deliver the benefits of the South Australian Government’s Home Battery Scheme – one of the world’s most ambitious Government-funded home battery schemes – to South Australian householders and investors. Under the arrangement announced today, the […]

By Australian FinTech | Borrowing . FinTech . Lending . Peer-to-Peer
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Oct
10

Personal loans: Young borrowers desert banks for better deals

Borrowers are turning away from traditional banks when applying for personal loans, flocking to digital, mobile-centric platforms and peer-to-peer lenders. A recent CommSec Economic Insights report showed loans by non-bank financial institutions were up 10.3 per cent for the year to August. This was an indication that banks were engaging in “more considered” lending and […]

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

FinTech NewGen interviews – Daniel Foggo, RateSetter

Daniel Foggo is CEO of RateSetter Australia and a true Fintech pioneer. He introduced Australia to the marketplace lending (or peer to peer) model back in 2014, paving the way for Fintech to go mainstream. RateSetter turns 4 in October so it seemed like the perfect time for Daniel to reflect on his journey. Read […]

By Reposted by Australian FinTech | Borrowing . FinTech . Investing . Lending . Peer-to-Peer
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Sep
19

A first for Australian fintech: SocietyOne becomes first Aussie P2P to hit $500M in lending

SocietyOne has today become Australia’s first and only marketplace lender to reach $500 million in loan originations across its personal loan, agri lending and marketplace business, and is now setting its sights on reaching $1 billion by the end of calendar year 2019. The milestone follows a record August and the recent appointment of ex-Westpac […]

By Australian FinTech | Borrowing . FinTech . Lending . Peer-to-Peer
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Aug
09

Xplora invests US$1m into BLOCKLOAN

Xplora Capital has announced the purchase of USD $1 million (AUD $1.35 million) worth of tokens from BLOCKLOAN – a new blockchain peer-to-peer lending marketplace. Blockchain and crypto are triggering a societal and economic shift before our eyes. Financial institutions are failing to address the market needs. It’s time for a new solution to old […]

By Australian FinTech | Blockchain . FinTech . Investing . Lending . Peer-to-Peer . Venture Capital
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Aug
06

Crowd2Fund reduces default rate using AI

Artificial Intelligence (AI) has helped peer-to-peer platform Crowd2Fund improve its loan recovery rate, according to newly-released figures. Crowd2Fund has seen its default rate drop from 1.42 per cent in June to just 1.04 per cent in July after implementing the AI software from Australian fintech firm InDebted. “It is an amazing piece of technology and […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending . Peer-to-Peer
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Jun
12

SendGold signs major platform deal for Gold-as-a-Service

Sydney-based SendGold have digitised gold to enable their customer network to buy, sell, and exchange gold instantly as peer-to-peer money across 8 countries in the Asia-Pac region. Now the company have announced they have signed an agreement to enter the rewards market with the world’s largest cloud-based loyalty platform. Toronto-based Global Rewards Solutions (GRS) provide […]

By Australian FinTech | Currency . FinTech . Payments . Peer-to-Peer
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May
23

Understanding the SME mindset

In 2017, the number of business owners turning to their primary bank for a loan declined 14%. Scottish Pacific CEO, Peter Langham, explains why brokers are uniquely positioned to capitalise The latest SM Growth Index by Scottish Pacific paints a clear picture of SME owners, their pain points, and their funding needs and intentions. For brokers, […]

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