How peer-to-peer lending fits into an investment portfolio
Many investors are on the hunt for investments that can provide stable, cash returns to their portfolio. That’s where peer-to-peer lending comes in.
New ‘disruptor’ Grapple set to combat banks and Australia’s late payment terms
Companies that are looking to accelerate growth or are struggling with Australia’s notoriously late payment terms can utilise Grapple to finance invoices.
P2P lender joins another aggregator’s panel
RateSetter, a leading Australian P2P lender, provides risk-based pricing for its personal loans, with interest rates starting at 5.49%.
Future Super dips toe into peer-to-peer lending for clean energy
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.
P2P lender joins aggregator panel
Aggregator Choice has added peer-to-peer (P2P) lender RateSetter to its panel, reflecting the increasing demand for lending alternatives.
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.
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 Bureau of Statistics show that personal loans’ share of the lending market doubled from 14% to 28% between 2010 and 2018. Meanwhile, data from CommSec reveal that borrowing from non-bank institutions grew 10.3% in August 2018. “The reality is people trust the big four banks as secure, and they actually trust their local branch manager. […]
