Business Loans

Sep
27

Wisr shortlisted for two Optus My Business Awards

Australian neo-lender Wisr (ASX: WZR) is in the running to take out one of county’s longest-standing business awards after being shortlisted for the prestigious Optus My Business Awards. Wisr has been shortlisted as a finalist in two awards in the Fintech Of The Year and Business Leader of the Year categories at the 2018 Optus […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending
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Sep
25

FinTech NewGen interviews – Daniel Foggo, RateSetter

Daniel Foggo is CEO of RateSetter Australia and a true Fintech pioneer. He introduced Australia to the marketplace lending (or peer to peer) model back in 2014, paving the way for Fintech to go mainstream. RateSetter turns 4 in October so it seemed like the perfect time for Daniel to reflect on his journey. Read […]

By Reposted by Australian FinTech | Borrowing . FinTech . Investing . Lending . Peer-to-Peer
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Sep
21

Affinity takes Scottish Pacific on first trip into the $4s

Affinity Equity Partners is offering more than $600 million for debtor finance company Scottish Pacific. Street Talk understands the private equity firm’s indicative bid values Scottish Pacific in the “mid to high $4s” a share range, and was made subject to due diligence, funding and the sorts of approvals usually seen when a buyout firm […]

By Reposted by Australian FinTech | ASX . FinTech . Investing
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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 […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending
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