Moula, an online platform for small business lending in Australia, has closed a A$30 million investment round led by Liberty Financial, NCN Investments and a group of private investors. Co-founders Andrew Watt and Aris Allegos (pictured left), who each previously worked over 15 years in the banking industry, met on a fixed income trading floor…
SocietyOne is a new personal lending platform that is bringing peer to peer (P2P) lending to Australia. The fully-compliant service is letting users forego a trip to the bank by connecting borrowers to investors, directly. SocietyOne’s platform, ClearMatch, is safe, secure, and entirely online, allowing loan seekers to avoid the sometimes-stuffy and often-unnerving visit to the loan office at the bank. Moreover, SocietyOne is opening up would-be investors to a diversified field of borrowers.
RMIT economist Jonathan Boymal talks about the drop off in lending finance and dwelling unit commencements. Although the numbers send mixed messages, businesses and consumers do appear to be exercising greater caution in their financial practices of late.
Today our guest is Katherine Howlett, founder and chief executive of the Blooms Group, a Melbourne-based mortgage broker that specialises in arranging finance for Australians and other expatriates working overseas. Now 31, Katherine has been an entrepreneur and property owner for more than 15 years.
If you’ve tried to get new lending or renew an existing loan recently, you’ll know just how hard it is. As a result of the credit crunch, banks have pretty much shut up shop in terms of business lending to both small- and medium-sized businesses. If you have a business that is basically viable with…
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