Business Loans

Jul
25

Prospa’s Telstra Business Award win puts the fintech sector ‘on the map’, says co-founder

Online small business loan provider Prospa has become the first fintech company to win Telstra’s NSW Medium Business Award, with co-CEO Beau Bertoli stating that the accolade shows fintech is “no longer just some startup idea”. Bertoli, who founded Prospa with Greg Moshal in 2011, spoke to Dynamic Business about the five-year-old company’s victory at the 2017 NSW Telstra Business Awards. DB:What does the win mean for Prospa and how useful was the experience? Bertoli: We were a Telstra Business Awards finalist in 2015 and 2016, which was very encouraging but it meant there was room for improvement. We’re pumped to have taken out the crown this year – third […]

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Jul
14

Peer-to-peer lending remains unfamiliar for borrowers and investors

IT’S one of the fastest-growing financial products in Australia but two-thirds of us still have no idea what peer-to-peer lending is. New research by Finder.com.au has found despite the sector growing from one to eight lenders since it launched in Australia in 2012, 65 per cent of consumers don’t know about it and women are less likely than men to understand and use it. Peer-to-peer providers such as SocietyOne, Direct Money and RateSetter are fintech companies that link investors with borrowers using online platforms, typically offering better interest rates than people get from the banks. “Generally P2P providers may have fewer funds to spend on marketing,” Finder spokeswoman Bessie Hassan […]

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Jun
27

Winners of the 2nd Annual Australian FinTech Awards 2017

Congratulations to the winners of the 2nd Annual Australian FinTech Awards 2017. The 2nd Annual Australian FinTech Awards celebrate the achievements of the dynamic people and businesses comprising the FinTech sector. These Awards seek to recognise success in the FinTech sector in its many forms. The event was a fantastic evening of celebrating the best innovation, created by the best innovators and entrepreneurs that live and work in Australia. Here are the winners for the 2nd Annual Australian FinTech Awards 2017: FinTech Innovation in payments ZipMoney   FinTech Innovation in Wealth Management (Robo-Advice) Pocketbook   FinTech Innovation in Lending Tyro Payments   Best FinTech Communications Campaign BRICKX   Best Research […]

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May
31

The 2nd Annual FinTech Awards 2017

The 2nd Annual FinTech Awards 2017 celebrate the achievements of the dynamic people and businesses comprising the FinTech sector. These Awards seek to recognise success in the FinTech sector in its many forms. This event will be an evening of celebrating the best innovation, created by the best innovators and entrepreneurs that live and work in Australia. Australian FinTech is proud to be a media partner for the 2nd Annual FinTech Awards 2017 to be held in Sydney on 22nd June 2017. Australian FinTech’s CEO and Co-Founder, Cameron Dart, recently named as one of the Top 25 Influencers of FinTech in Australia, is honoured to be one of the judges […]

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May
30

The other credit risk to watch in China: Fintech-fuelled debt

China’s government has copped what Scott Morrison is so desperate to avoid: a credit rating downgrade. But in the discussion about Moody’s surprise move last week to cut its rating for our biggest trading partner, there’s one word that has been notably absent, even though it’s a risk of growing importance to investors and officials. That word is “fintech”. Nowhere are the large potentially huge benefits of fintech – and longer-term risks – clearer than in China. This realisation comes as financial regulators everywhere, including in Australia, start to turn their attention to how these risks could eventuate, if fintech one day grabs a larger share of the financial services […]

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May
26

CEFC invests $20m with RateSetter’s ‘green loan’ marketplace

The Clean Energy Finance Corporation will invest $20 million over the peer-to-peer lending platform RateSetter to fund “green loans” for households and businesses wanting to buy clean energy products like solar panels, batteries or electric vehicles. In a unique partnership between a government authority and a fintech lending platform, RateSetter expects the $20 million to be deployed over the next 12 months and for CEFC’s presence in its new “green loan marketplace” to attract other retail and institutional investors into the asset class, including local superannuation funds. The investment committee at CEFC – which has invested around $2.8 billion in the clean energy sector since it was established by the […]

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May
25

Winners at The Finnies!

Congratulations to those Australian Fintech companies and their fearless leaders who won awards last night at the inaugural Finnies Fintech Awards:   Female Fintech Leader of the Year: Emma Weston, AgriDigital Co-Founder & CEO   Joint Male Fintech Leaders of the Year: Greg Moshal & Beau Bertoli, Prospa Co-Founders   Fintech Organisation of the Year: Afterpay   Emerging Fintech Leader of the Year: Emma Weston, AgriDigital Co-Founder & CEO   Emerging Fintech Organisation of the Year: Spaceship   Best Fintech place to work: Prospa   Best workplace diversity: Timelio   Marketing Campaign or Brand Initiative of the Year: Equitise – Equitise Bubble   Excellence in establishing Market Presence (Australia): BrickX […]

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OnDeck launches ‘Turn That No Around’ campaign

Small business loan specialist OnDeck Australia has kicked off a campaign, #turnthatNOaround, targeted at small business owners who are looking to seize growth opportunities, but are unable to do so due to lack of funding from traditional sources. The campaign, which is already running on radio, is scheduled to run across outdoor, social (LinkedIn and Facebook) and digital media to encapsulate an integrated multi-channel outreach. With the #turnthatNOaround campaign, OnDeck aims to reach small business owners who have experienced a “no” from their banks, giving them an opportunity to secure a loan that is much faster than the banks – it takes just one business day. “Small business owners, which […]

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