Australian FinTech company profile #132 – Credfin
Credfin give the end-user a secure mechanism to disclose their financial data and produce insights allowing lenders to make smarter safer decisions, quicker
Monoova announces senior appointment amid continued growth
Monoova has welcomed Lionel Beraldi as Head of Growth, further supporting the firm’s continued expansion in the Australian market.
Thank You & Merry Christmas!
From the team at Australian FinTech, we’d like to say a massive THANK YOU to everyone who has supported us over the past 12 months.
A win for financial inclusion for the ‘unbankable’
Australian fintechs like Jacaranda Finance are enabling financial inclusion through advanced algorithms and machine learning.
Fintech founder Daniel Wessels takes out 2019’s Young Entrepreneur Award for Finance
Daniel Wessels, the founder and CEO of online lender Jacaranda Finance, has had his second win at the Brisbane Young Entrepreneur Awards.
Pull together for the Aussie Drought Row-lief
The entire state of NSW has been declared in drought after a drier than ever June and July. As a result, the state’s farmers are experiencing one of the toughest winters they have seen. With failing crops, water shortages and a diminishing supply of fodder to sustain stock, farmers are struggling just to keep their stock alive, let alone make ends meet. Companies nationwide have been doing their part to help out, donating money to help the families living on the land with necessities, or donating hay bails to help keep their herds alive. As a small business with a big heart, Brisbane-based lender, Jacaranda Finance has decided to jump […]
Do you know who you’re getting into bed with?
As new lenders pop up, seemingly overnight, Jacaranda Finance are going back to their roots. With the new financial year looming, Jacaranda Finance has been hard at work re-building its brand, even going as far as designing a brand new logo. By going back to the company’s original roots of stripped down family values, Jacaranda Finance is reminding loyal clients why they’re the lender for every Aussie. Founded in 2013 by Daniel Wessels, the company was lifted to new heights as Daniel brought on his father, younger brother and a close family friend. Since then, they have worked to provide tens of thousands of Australians with much-needed finance in […]
How consumers can help clean up the alternative lending market
An influx of alternative lenders and a seemingly unbreakable cycle of bad debt for borrowers have given the short-term loan sector a bad reputation. However, consumers have a role to play in helping clean up the industry. The first step – understanding how lenders should be acting. ASIC requires lenders to conduct ‘reasonable inquiries about a consumer’s financial situation.’ This means inquiries must be made about the consumer’s actual situation and, while alternative lenders are known to be more lenient when it comes to bad credit scores and being on Centrelink, they must still gather enough information about circumstances likely to affect a consumer’s ability to repay their loan. Daniel […]
