New digital mortgage lender officially launches

A digital mortgage lender, Nano, has officially launched, dropping its variable rates for all new and existing owner occupiers and investors looking to refinance.

Earlier this year, the fintech lender Nano had been in soft launch phase, after rebranding from its previous name of Verteva.

After securing $33 million in Series A funding from NZ-based Bolton Equities in April 2020, the lender secured an Australian Credit License in July 2020 before soft launching to friends and family in December 2020.

It then started allowing customers to sign up to get Priority Access to refinance in Australia from April 2021, and has so far approved approximately $30 million worth of refinancing loans.

It has now opened its doors to the general public wishing to refinance their home loans.

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Source: New digital mortgage lender officially launches – Mortgage Business