SocietyOne finally ready to test the market
A SocietyOne initial public offering has been touted for many years, after various media moguls piled into the company in 2014.
SocietyOne announces warehouse facility and $15m equity raise
Australia’s first and largest consumer marketplace lender, SocietyOne, has established a warehouse facility arranged by NAB, alongside a $15m equity raise.
SocietyOne invents “P2P 2.0” for struggling retirees and savers
SocietyOne releases its new “P2P 2.0” model, which provides two completely separate and differentiated offerings for its two key investor categories
SocietyOne targets $50M through launch of Personal Loans Unit Trust
Australia’s leading marketplace lender, SocietyOne, is targeting $50 million through the launch of a Personal Loans Unit Trust designed to increase simplicity, liquidity, diversification, and access for its wholesale investors. The Trust will provide investors with a consistent monthly income stream and enhanced liquidity, with an expected return of 6 per cent per annum. It will invest in a diversified portfolio of SocietyOne’s fixed rate unsecured personal loans, and includes a reserving mechanism that smooths earnings across the portfolio. “We believe this new Unit Trust model will help to significantly simplify the experience of investing in our portfolio of personal loans, and provide investors with greater access to this asset […]
SocietyOne and Loan Market collaborate to broaden customer offering
Australia’s leading marketplace lender, SocietyOne, and Australasia’s largest family owned mortgage brokerage, Loan Market Group, have joined forces in a new partnership through which Loan Market will distribute SocietyOne personal loans. The partnership indicates a growing trend of brokers embracing alternative lenders in the wake of the banking Royal Commission, according to SocietyOne, as consumers are increasingly requesting banking alternatives in order to access a better deal. “The Royal Commission has uncovered a large number of issues within the consumer lending market, and both brokers and their retail customers have been equally exposed to the publicity surrounding this,” said Mark Jones, CEO of SocietyOne. “This has driven many brokers to […]
SocietyOne hits $600M in loans after record holiday season
Australia’s leading marketplace lender, SocietyOne, has sped past $600 million in loan originations after a record holiday period, with $64.9 million in total originations over the past three months, compared to $39.5 million over the same three months last year. The milestone comes just six months after the appointment of Mark Jones as CEO, who oversaw the launch of a broker channel in June, an improved credit assessment process in July, a marketing campaign beginning September, and an improved online customer quote and application experience from October. “We are thrilled to be growing so strongly as it’s a sure sign that Australians are increasingly turning away from one-size-fits-all options and […]
SocietyOne: Peer-to-peer lending offers a “better deal than the banks”
CEO Mark Jones reflects on six months in charge of Australia’s biggest peer-to-peer lender. SocietyOne became the first Australian peer-to-peer lender to cross $500 million in total lending in August last year. Since then, the company has enjoyed 6 months of consecutive record months for lending and is now about to pass the $600 million lending mark. After taking over as CEO in June 2018, Mark Jones has seen Australia’s first peer-to-peer lender go from strength to strength, and it remains on track to reach break-even point in March. “Over the last six months, we’ve really taken the business forward. We’re probably writing triple the business today that we were […]
When ‘it’ happens, SocietyOne urges us not to reach for the credit card
Australia’s pioneering and leading marketplace lender, SocietyOne, has launched an integrated marketing campaign to capitalize on the fast-approaching holiday season, where demand for consumer credit typically jumps with increased expenditure on festivities and gifts. The campaign, entitled “When ‘it’ happens”, highlights how even positive situations can put financial strain on even the most savvy Australians. It tells the story of ‘regular guy’, Dave, who is financially in control until a series of unexpected events blows his budget out of the water. SocietyOne saves the day by rewarding Dave’s good credit rating with a low-rate personal loan, saving him from resorting to a credit card – which can often become a […]
