borrowing

Sep
20

Fintech Prospa has now written $750 million in loans

Fintech Prospa, a lender to small business which in June postponed an ASX-listing after being pinged about unfair loans terms, says it has now written $750 million in loans. Loans for the year to June were $367 million, a 70% increase on the previous 12 months and 9% higher than prospectus forecasts with strong momentum […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending
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Sep
19

Brave fintech MoneyMe to test the market

Trying to list a financial services company while a royal commission into banking is going on is not for the faint-hearted, but it does not appear to be preventing small financial technology lender MoneyMe from attempting the move. Moneyme.com.au offers personal loans, cash loans, short-term loans and fast cash advances and is attempting to launch […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending
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Sep
19

A first for Australian fintech: SocietyOne becomes first Aussie P2P to hit $500M in lending

SocietyOne has today become Australia’s first and only marketplace lender to reach $500 million in loan originations across its personal loan, agri lending and marketplace business, and is now setting its sights on reaching $1 billion by the end of calendar year 2019. The milestone follows a record August and the recent appointment of ex-Westpac […]

By Australian FinTech | Borrowing . FinTech . Lending . Peer-to-Peer
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Sep
19

ASIC warns all fintech business lenders over contracts

The corporate regulator wants all online business lenders to remove unfair terms from their contracts just like Prospa has done, indicating start-ups that want to compete against banks will be held to similar regulatory standards as community expectations lift following the royal commission. In a letter sent last week to Brad Kitschke, CEO of industry […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending
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Sep
17

OnDeck small business online lending tops US$10 Billion

OnDeck (NYSE: ONDK), has announced it has achieved a milestone in the Financial Technology (FinTech) industry, becoming the first non-bank online lender to surpass US$10 billion in total loans originated to small businesses. OnDeck, with operations in the United States, Canada and Australia, is the world’s largest non-bank online lender to small business by total […]

By Australian FinTech | Borrowing . FinTech . Lending
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Sep
14

Guide to borrowing from fintech lenders released

The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) and theBankDoctor.org released a guide to help small to medium enterprise (SME) owners better understand the ‘ins and outs’ of borrowing from fintech lenders. “This is another step closer to transparency and disclosure for the fintech industry; an alternative finance solution for SMEs,” Ombudsman Kate Carnell […]

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Sep
13

Lendi named as one of LinkedIn’s top startups

Leading online home loan platform, Lendi, has been recognised in the 2018 LinkedIn Top Startups list, honouring the 25 most sought-after startups in Australia.  The LinkedIn Top Startups list celebrates the companies and people making an impact in the professional world. The list is derived from a blended score looking at factors including interest in […]

By Australian FinTech | Borrowing . FinTech . Lending . Mortgage
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Sep
10

Raising the bar for SME lending

For those who work in the finance industry, there appears to be no shortage of lenders and loans in the marketplace. However, for those running Australia’s 2.1 million small and medium-sized enterprises, it can be difficult to see the wood for the trees. With the intention of addressing this, in July six fintechs signed the Code […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending
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