lending

Jul
19

Joust taps new Australian crowdfunding rules in bid to raise $2 million

Joust, an Adelaide based fintech that brings competitive tension to the home loan market by linking borrowers directly with over 20 lenders who compete against each other in real-time, has launched an equity crowdfunding campaign to raise $2 million. The Joust platform brings disruption to the $1.7 trillion home loan mortgage market where $2 billion […]

By Reposted by Australian FinTech | Borrowing . FinTech . Investing . Lending . Mortgage
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Jul
18

$2bn of broker commissions in fintech’s crosshairs

An Australian fintech has set its sights on disrupting the dominance of the mortgage broking industry by appealing to the banks who it claims are keen to reduce the $2 billion they spend on broker commissions. Adelaide-based online home loan platform Joust has distanced itself from its competitors in the fintech space, which has seen […]

By Reposted by Australian FinTech | Banking . Borrowing . FinTech . Lending . Mortgage
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Jul
12

Bank of Queensland bans using home equity loans for crypto

Lenders are banning property buyers from using home equity to buy cryptocurrencies because of regulatory fears and increased risk from volatile trading conditions. Bank of Queensland is the latest to ban any drawdown or lines of credit from loans to be used for leveraged purchases, trading or other use of the largely unregulated global digital […]

By Reposted by Australian FinTech | Banking . Bitcoin . Borrowing . FinTech . Lending . Mortgage
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Jul
10

The fintech transformation

According to one fintech expert, brokers could soon be replaced by smart speakers. But will customers embrace such a technological leap? Until the early 2000s, the process of booking a holiday involved trips to multiple travel agencies, hours thumbing through glossy brochures, and more sit-down meetings than the average mortgage currently requires. Today it’s a […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending . Mortgage
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Jul
05

Non-banks are the future of banking

The future of banking is in the hands of non-banks, says specialist lender Liberty. Non-banks, by nature, are “active, nimble, innovative and relevant”, allowing them to lead the competition, rather than be threatened by big banks. Non-banks provide a variety of solutions such as home loans, car loans, personal loans and business loans, as well […]

By Reposted by Australian FinTech | Banking . Borrowing . FinTech . Lending
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Jul
04

How the rich invest: Afterpay’s Nicholas Molnar makes a cool $200 million

The tearaway market success of Afterpay Touch Group has however supercharged the fortunes of its 28-year-old co-founder Nicholas Molnar. Afterpay is fast becoming the go-to payments platform for Millennial shoppers who want to own products immediately but pay for them in instalments. The instalment service is growing rapidly. It has more than 1.8 million customers […]

By Reposted by Australian FinTech | Borrowing . FinTech . Investing . Lending
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Jul
04

Supply Chain Finance: What’s It All About?

Picture this. You run a business. It’s successful. You’re a supplier (subcontractor, etc.) to a large company (major retailer, major contractor, think big and corporate). You get an invitation to join their supply chain finance program. But what does that mean for you? And why is it being offered in the first place? It’s possible […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending
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Jul
04

Fintech Startup Trade Ledger expands UK operation. Appoints New CFO

Fintech startup Trade Ledger — which describes itself as the world’s first corporate open banking lending platform — has announced the opening of its European operation, headquartered in London, along with additional hires. Lisa Callaghan will move from the role of accountant to Chief Financial Officer at Trade Ledger’s Sydney office, after representing technology start-ups […]

By Reposted by Australian FinTech | Banking . Borrowing . FinTech . Lending
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