Home loan fintech raises $25m

A fintech start-up is celebrating a $25million raise as it continues on its pathway to becoming Australia’s “most innovative home loan provider”.

Athena Home Loans, which is still in its pilot phase, has closed its most recent Series B raise led by Square Peg Capital.

Industry super fund Hostplus and venture firm AirTree also joined the round, taking the group’s total capital raised to date to $45m.

The Series B raise comes six months after the company announced a Series A fund raise led by Macquarie Bank and Square Peg Capital and three months after announcing a strategic partnership with Resimac Group.

Powered by Australia’s first cloud native digital mortgage platform, Athena aims to bypass the banks to connect borrowers to superfund backed loans.

The company was founded by two ex-bankers, Nathan Walsh and Michael Starkey, who said they wanted the journey to home ownership to be faster, cheaper and stress free.

Source: Home loan fintech raises $25m