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Melbourne FinTech startup MoneyPlace launches offering consumers up to $35,000 in peer-to-peer loans

- November 4, 2015 2 MIN READ

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.

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Microlending platform Zidisha bypasses third parties to keep interest rates down for people in impoverished communities

- September 21, 2015 3 MIN READ

According to the World Vision, one of the best ways to help people in developing countries is to facilitate access to self-employment and in turn, a secure future. However, for those who have not been lucky enough to get assistance from such charities, gaining access to a small loan to start a business is difficult. Microfinance was established to fill the gap left by traditional banks, for whom it wasn’t profitable to serve such a market.