● Revenue of $26m, up 41% on H1 FY20 and ahead of prospectus ● Loan originations of $167m, up 33% on H1 FY20 ● Loan portfolio increased to $435m, up 42% ● NLAT (pro-forma) decreased to $3.4m, down 57% ASX-listed fintech Plenti Group Limited (ASX:PLT) released its inaugural half-year results as a listed company for… Read more »
A Swiss startup lender that’s set up in Victoria weighed straight into the old Melbourne v Sydney debate
Seriously, what reasons could any company see for setting up around here? Photo: AdobeStock There’s a joke almost as old as the endless Melbourne v Sydney debate that goes like this: Melbourne says: “We’re better than Sydney”. Sydney says: “What’s a Melbourne?” And while this Sydney-born Sydneysider loves his hometown – #goSwans! – Melbourne is… Read more »
Israeli fintech startup Splitit has completed the first ASX listing of the year, following the closing of a $12 million initial public offering (IPO).
Australia’s alternative finance market grew 88 percent in 2017 to US$1.15 billion ($1.56 billion) to keep its place as the second largest market in Asia-Pacific behind China, a report has found.
The Australian alternative lending space has a new player in its midst, with new offering Lumi launching following the raise of a $31.5 million Series A round.
Part of the reason why SMB owners are choosing to forgo a business loan is the amount of documentation required, with 80 percent stating it was onerous.
Small business lending startup Prospa has delayed its ASX listing as it seeks to clarify questions raised by ASIC yesterday around its loan terms.
Three years in the making, Judo Capital is launching into the market today with a focus on building real relationships with its SME customers.
Bicycle Queensland partners with peer-to-peer rental startup Quipmo to get Queenslanders listing their bikes
Bicycle Queensland has partnered with peer-to-peer equipment rental platform Quipmo to help members lend out their bikes.
Online lender MoneyMe raises $120 million securitisation facility as Waddle raises $50 million in debt funding
MoneyMe has raised a $120 million asset-backed securitisation facility, while business-focused lender Waddle has raised $50 million in debt funding.
Credi is working with lenders and borrowers who don’t traditionally see themselves in those terms – friends and family who simply lend each other money.
Prospa has announced that it has raised a $20 million debt facility from Silicon Valley based VC firm Partners For Growth.
A growing number of niche platforms are tapping into the opportunities within the peer to peer model, with one being Designerex.
Peer-to-peer lending platform RateSetter has announced a $20 million investment from the Australian Government’s Clean Energy Finance Corporation (CEFC) to fund the launch of a green loan marketplace.
Lending startup Moula, which provides small businesses with up to $250,000 in loans based on their data, has today announced the addition of Chris Ridd, former managing director of Xero, to its board as it gears up for growth.