News & Analysis

FinTech startup MoneyPlace launches $60 million strategic partnership with Auswide Bank

- December 17, 2015 2 MIN READ

Auswide Bank has entered into a partnership with peer-to-peer lending startup MoneyPlace that will see them take a 20 percent equity stake in the company and provide $60 million in funding over five years. This deal is the first time an Australian bank has invested directly into a homegrown fintech, highlighting the enormous growth of the sector over the last year.