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.
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.
P2P borrowing up 45% year on year
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 […]
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 – […]
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 […]
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 […]
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 […]
