One of Australia’s original fintechs, SocietyOne, the peer-to-peer lending marketplace, has joined Afterpay on Westpac’s new digital banking services platform, 10X. Westpac’s digital banking services will be available to SocietyOne customers in the second half of 2021, and the bank has been backing the fintech since 2014 through its VC fund, Reinventure. In October last… Read more »
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 launches offering consumers up to $35,000 in peer-to-peer loans
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.