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 […]
Wirecard brings its platform services around digital financial technology to Australia and New Zealand
Wirecard, the global innovation leader for digital financial technology, today announced its platform expansion in Australia and New Zealand. The Wirecard platform is now available in New Zealand for e-commerce services and Australia for omnichannel solutions. With this expansion, Wirecard is extending its ecosystem of real-time value added services around innovative digital payments in Oceania. […]
Bitcoin: Ten Years On
A mysterious, anonymous entity known as “Satoshi Nakamoto” posted a white paper on October 31 2008 entitled “Bitcoin: A Peer-to-Peer Electronic Cash System”. It was the first time that the concept of Bitcoin entered the world. But outside of the cypherpunk mailing lists – those promoting the use of privacy-enhancing technology – this event was […]
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 […]
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 […]
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 […]
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 […]
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 […]
