Valiant announces partnership with Octomedia to launch Inside Small Business LoanConnect
Leading fintech business loan marketplace, Valiant and Inside Small Business publisher Octomedia, announced the official launch of an exclusive partnership to bring business loan solutions to Australia’s small business community. The partnership is a major Australian publishing first which delivers an exclusive business loan search and application portal as a co-branded offer: Inside Small Business LoanConnect. By dynamically accessing Valiant’s panel of 35+ leading lenders, Inside Small Business LoanConnect compares small business owner’s loan requests to the lender’s credit criteria. Matching works instantaneously through Valiant’s proprietary marketplace technology – saving business owner’s time and stress. Valiant Co-founders, Alex Molloy and Richard Cotton expressed excitement for the new […]
Mutual lender takes equity stake in fintech platform
Beyond Bank Australia has become the fourth customer-owned lender to take an equity stake in growing marketplace lender SocietyOne. The mutual lender yesterday announced it has acquired $1.5 million worth of shares in SocietyOne, as well as agreeing to increase its funding arrangement with the marketplace lender to $10m. G&C Mutual Bank, Maritime, Mining and Power Credit Union and Regional Australia Bank joined SocietyOne’s share register in May this year following the company’s successful $25m capital raising. The move by Beyond Bank Australia to take a stake in SocietyOne follows a long relationship between the two, with Beyond Bank Australia among the first institutions to become a direct SocietyOne investor […]
How partnerships are driving this fintech lender forward
Small business lender GetCapital is utilising strategic partnerships to benefit its customers. Fintech companies were originally thought of as disruptors, but as the game continues the rules are starting to change. Today, you’re more likely to see banks and corporates building bridges with fintech companies rather than putting up defensive walls. This is the case for GetCapital, a small business lender sharing its reins with business heavyweights such as Qantas and Alibaba. Established in 2013, GetCapital started providing standard small business loans to Australian businesses and has now diversified it to include trade finance and invoice discounting. GetCapital CEO Jamie Osborn says the idea is to provide an online small business […]
Australian FinTech, Media Partner for LendIt Europe
Australian FinTech is delighted to be a Media Partner for the upcoming LendIt Europe conference, taking place on October 10-11, 2016 in London. We’re very excited to be part of this event and encourage you to attend if you have not already registered. As a LendIt Europe media partner, we are able to offer you an exclusive discount on LendIt Europe 2016 passes. Use the promo code AF16VIP when registering to receive 15% off your ticket. Register Now: http://bit.ly/29ZSvTm Partnered with the P2P Finance Association, LendIt Europe is Europe’s largest conference for the online lending community, with 1000 attendees expected in 2016. Confirmed speakers include: […]
Macquarie and broking firms unite to launch fintech platform
Macquarie Business Banking and four commercial broking firms have joined together to launch a “first-to-market” technology platform that could “revolutionise commercial broking in Australia”. Allfin Financial Services, BKK Finance, Heritage Property Finance and Stamford Capital have joined Macquarie Business Banking to form Kubio, a group that provides a cloud-based business origination platform “built from the ground up by brokers, for brokers”. The mobile-optimised platform aims to provide brokers with “flexible and fast solutions” to drive back-office efficiencies, such as the ability to monitor and track deal flow and boost comprehensive reporting. It is available to all commercial lenders irrespective of whether loans are placed with Macquarie. The fintech platform provides […]
The growing popularity of peer-to-peer lending
Years ago, the financial services offered to people who wanted to profit from their savings was very cut and dry. You would either invest your money in the stock exchange, property, or in a term deposit account, to gain interest on your principal investment. Now, investors have the opportunity to expand their portfolio and commit their funds to newer, and arguably more exciting, investment options. Peer-to-peer lending (P2P) This disruption to traditional financial services is due to the growing popularity of peer-to-peer lending (P2P) in the market. This lending process is a method of debt financing that allows individuals to borrow and lend money without the use of an official […]
Fintech start-up enters third-party channel
A new online mortgage platform has decided to partner with brokers – rather than compete with them — by offering a new digital solution that drives efficiencies in the third-party channel. In the ongoing battle between innovative fintechs and mortgage brokers, Sydney-based start-up LoanFlare has bucked the trend by launching a digital platform to help brokers do the best possible job. LoanFlare provides dynamic home loan rates for consumers to enquire about, empowers clients to enter their application details and provides instant serviceability calculations — all through an engaging website. On the broker side, it also automates workflows and data entry, provides actionable intelligence and minimizes fraud through a comprehensive […]
Just don’t call us payday lenders
More than 20,000 Australian small business owners have trouble accessing finance (Deloitte Access Economics). Are they denied access because they aren’t good candidates for loans? Yes, in some cases. However, a significant number (37%) of these businesses are denied finance because they don’t have collateral (be it a home or considerable assets) to secure a loan against. Interestingly more than 40 per cent of rejected applications examined by the NSW Business Chamber were for amounts less than $100,000 – it seems traditional providers aren’t interested in small loans, or small business. Archaic systems and processes which serve the interests of incumbent big business are being dismantled in the current global […]
