Fintech startup Douugh has closed a $2.5 million seed funding round and landed a partnership with US bank, Choice Financial.
Recently listed in KPMG’s FinTech 100 as one of the top 50 established fintech companies in the world, SocietyOne has become one of Australia’s largest P2P lenders since its local launch in 2012.
Melbourne FinTech startup MoneyPlace has launched after becoming just the second peer-to-peer money lender to attain a full licence from ASIC. The startup, founded by former NAB executive Stuart Stoyan last year, will provide unsecured consumer loans from $5000 to $35,000, with rates starting at 8.9 percent. The rates are determined through risk-based pricing, with loans offered by wholesale and retail investors.