Lending

Apr
27

Manning targets super funds for P2P investor

Former JANA asset consultant Joshua Manning will be raiding his contact book of super fund investment chiefs as he does the rounds pitching his new business, Manning Market Place. His vision for the start-up specialist investment fund is to focus exclusively on the burgeoning peer-to-peer lending sector. Peer-to-peer (P2P), otherwise known as marketplace lending, is […]

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Apr
26

Sapien Ventures’ first fintech investment is in Hashching

Wealthy Chinese migrants will help disrupt the Australian mortgage broking industry via an investment in Hashching, an online marketplace for home loans that is putting pressure on banks and their brokers. The investment will be the first for Sapien Ventures, which was established last year by Victor Jiang and has raised a $50 million fund […]

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Apr
22

Focused fintechs get the nod from Silicon Valley

Silicon Valley once threw money at start-ups that aimed to disrupt broad swaths of finance. Now it is rewarding those that have sharpened their focus. While overall venture funding into lending start-ups is slowing, some platforms still are raising money by taking aim at narrower or less-traditional borrowing niches than the first generation of financial-technology […]

By Cameron Dart | Borrowing . FinTech . Investing . Lending . Venture Capital
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Apr
21

Global FinTechs take on Big Four in new Australian frontier

When U.S.-based financial technology company Acorns launched in Australia in February, its mobile app that helps people invest loose pennies in stock markets received nearly 70,000 downloads in just over two months, beating its own expectations. The ‘virtual piggy bank’ chose Australia as its first foreign market thanks to the country’s deep Internet and mobile […]

By Cameron Dart | Banking . FinTech . Lending . Peer-to-Peer . Venture Capital
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Apr
18

Growing pains: Peer to peer lending hits puberty

The eye-popping climb in the number of people attending the LendIt USA conference over the past four years reflects a real coming of age for peer-to-peer lending. The first, in 2013, attracted 300 delegates. The second lured in just under 1000, while 2500 attended in 2015. Last week, the number swarming the Marriott Marquis hotel […]

By Cameron Dart | Borrowing . Events . FinTech . Lending . Peer-to-Peer
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Apr
18

Waddle Integration With Xero Transforms Invoice Financing

Media Release Waddle Loans Pty Ltd (Waddle) has today announced a first-of-its-kind invoice financing product that integrates with Xero’s cloud accounting software. The solution is available through Xero’s Australian add-on marketplace giving small business owners a simple way to fix their cash flow by establishing a revolving line of credit based on the businesses unpaid invoices within Xero. This new financing solution enables small businesses […]

By Cameron Dart | Borrowing . FinTech . Lending
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Apr
14

SocietyOne’s Yetton: loans soar as banks struggle

New SocietyOne chief Jason Yetton says its loan book is healthy despite mixed economic conditions and record loan growth that pushed the nation’s biggest marketplace lender through the $100 million barrier. Mirroring similar trends by other new “fintech” companies, SocietyOne yesterday revealed $30m of new personal loans and agribusiness finance had been written in the […]

By Cameron Dart | Banking . Borrowing . FinTech . Lending . Peer-to-Peer
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Apr
12

Mutual lender partners with fintech hub Stone & Chalk

Leading mutual lender CUA has announced a corporate partnership with growing fintech hub Stone & Chalk. The partnership with Sydney-based Stone & Chalk will give CUA access to the latest technology ideas and innovations emerging from the hub. CUA general manager of business transformation & technology, Sue Coulter said the entrepreneurs working in Stone & […]

By Cameron Dart | FinTech . Lending
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