Future Super will loan money to Australian borrowers so they can buy clean energy products through an investment deal with peer-to-peer lender RateSetter.
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.
In April RateSetter passed $500 million of consumer loans originated, making RateSetter the fastest Australian marketplace lender to reach this figure.
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 […]
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 – […]