Freshly launched home loan fintech rattles tin
Australia’s newest software-as-a-service fintech platform has wasted no time getting in front of potential investors.
(The Australian Financial Review’s) Street Talk understands Melbourne-based fintech Nimo Industries – which officially launched its SaaS platform on Tuesday this week – has launched a convertible note raising to get some operational capital in the door, before a bigger offer in six months time.
Nimo’s platform is targeted at financial institutions and brokers and allows them to service home loan customers entirely online, through the platform. It is designed to streamline the process of bringing home loans to market.
The convertible note is expected to raise up to $500,000 and would be followed by a $1 million-odd raising before the first quarter of 2021.
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