HashChing CEO details “total refresh strategy”
“We’re launching a total refresh strategy for HashChing. The focus isn’t going to be on just getting a home loan. It will be on other things now as well.”
HashChing outlines new funding plans
HashChing settles over $1 Billion in Australian home loans in 3 years
When breakthrough home loan marketplace HashChing launched into the Australian home loans market in August 2015 – never did the founders believe the far-reaching impact their unique online business would have on the Australian mortgage market. Fast forward nearly three years and the results speak for themselves. Over one billion dollars worth of Australian home loans have been settled through the platform, $675 million worth of which were finalised in the last 12 months alone. HashChing has helped over 2,200 borrowers save more than $10 million in combined interest during the first year of their home loans. The platform has also collected more than 3,100 reviews on over 500 brokers […]
Fintech startup HashChing has launched an equity crowdfunding campaign
Mortgage marketplace startup HashChing, a fintech startup disrupting the monopoly of the big banks, has launched an equity crowdfunding campaign. It’s currently live on the Equitise platform, which has one of the seven crowdfunding licences issued for the first time this year. HashChing, which is seeking between $1 million and $5 million, has so far raised $286,500, at a minimum $250 investment, with another eight days to go. “A slight difference in interest rates can cost a homeowner thousands of dollar each year,” says Mandeep Sodhi, founder and CEO. “This is why one out of two Australians like to deal with a mortgage broker instead of going direct to the […]
Australian Government backs Fintech HashChing with $700,000 loan from Jobs NSW
HashChing, a Sydney-based home loan marketplace, has just announced a $700,000 loan from Jobs NSW. Deputy Premier and Minister for Small Business John Barilaro said the NSW Government had backed the Fintech which is expected to create 46 jobs over the next five years. “Jobs for NSW is helping some of our brightest business people overcome barriers to finance – it’s about making smart investments that allow good business ideas and businesses to grow,” said Barilaro. “The Jobs for NSW Strategic Growth Loan will allow the company to hire software developers, product developers, a data scientist and sales and marketing staff to support HashChing’s continued growth.” HashChing is an online […]
HashChing eyes white label mortgages
The mortgage marketplace has launched a crowdfunding campaign in a bid to help facilitate its growth plans, which include rolling out its own white label loans. On Tuesday (15 May), mortgage marketplace HashChing launched a crowdfunding campaign with the target of raising $5 million to fund its growth ambitions. HashChing has invited interested parties — including brokers, investors and borrowers — to invest a minimum of $250 in the mortgage platform via Sydney-based crowdfunding platform Equitise. Speaking to The Adviser, HashChing CEO Mandeep Sodhi said: “[The] company chose to raise capital via equity crowdfunding to provide an opportunity to the loyal members of the HashChing community to own a part […]
HashChing puts its hand out to go it alone
Online mortgage marketplace HashChing is looking to raise up to $5 million by the end of June through the power of crowd-funding, in a bid to ensure that it is immunised from the influence of any big bank, says CEO Mandeep Sodhi. Instead, HashChing has partnered with equity crowd-funding platform Equitise to issue its first round of shares to interested investors. According to Mr Sodhi, the crowd-funding route will help HashChing remain an independent voice in the mortgage market. “Unlike many other online mortgage platforms who are backed by a lender, we are and will continue to stand separate from the banks,” he said. “We want our customers to become […]
CommSec founder Paul Rickard is investing in HashChing and joining its board
CommSec founder Paul Rickard and finance media figure Marty Switzer are joining the board of Australian online mortgage marketplace startup HashChing after joining in the company’s $6 million capital raising round. “The HashChing business model of connecting home loan borrowers with customer reviewed brokers and the best rates is unique, and I am excited by the investment opportunity,” said Rickard. Rickard founded the CommSec online retail stockbroking service in 1994, and served as its managing director until 2002. He also served as Commonwealth Bank’s executive general manager for payments and business tech until 2009. HashChing, which has been recently incrementally extending out from purely mortgages to services like home insurance […]
