Monthly Archives: September 2014

GetCreditScore

GetCreditScore.com.au is a website recently launched where Australians can check their credit score, absolutely free. GetCreditScore is an initiative developed by SocietyOne, Australia’s Peer-to-Peer lending platform. GetCreditScore.com.au uses VedaScore, the credit score developed by Australia’s local and leading credit bureau Veda. Knowing your credit score is an important step in helping you understand the information

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Get Ready Australia for RateSetter

RateSetter is one of the world’s largest peer-to-peer (P2P) lenders based in the UK. They have now arrived in Australia and have been building out their P2P business model with a plan to be opening shortly. The Australian team, is headed by Daniel Foggo, a former banker with Barclays Capital and Rothschild in Sydney and London

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The Booming Chinese P2P Market

Should we at all be surprised that the Chinese P2P market is booming? Well no we shouldn’t, it has been clear from the recent highly successful Alibaba IPO, that one of the most common refrains from Investment Bankers about China “is that their capital markets are in keeping with something out of the 19th Century”

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Harmoney NZ Launches

The NZ P2P lender Harmoney launched last week and they announced today that they have raised some NZ$100m in funds to lend. Neil Roberts who heads up Harmoney, said that the money raised had been from four large investors including the domestic bank Heartland. It really is an impressive launch of a P2P business to

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Credit Reporting – why is it that important?

In March of this year there were some changes made to the Privacy Act. Some of those changes were around Credit Reporting. Up until this time, in Australia we had a system that can be best described as retaining negative information about borrowers credit history. But what it never reflected was any positive information on

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Has Silicon Valley taken on too much risk – Canary in the Coal Mine?

One of the blogs I read quite regularly is from Bill Gurley who writes Above the Crowd. Bill is a well known US VC who works for a company called Benchmark based in Silicon Valley. I was taken by an interview he gave today with the WSJ, http://online.wsj.com/articles/venture-capitalist-sounds-alarm-on-silicon-valley-risk-1410740054?mod=LS1  We have read a lot more recently

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Australian Crowdfunding Rules to Change?

In the Australian Financial Review this morning, Fleur Anderson reports that we might be getting closer to some legislative changes that might make it easier for companies to access funds via Crowdfunding. Prime Minister Abbott’s cabinet approved a National Industry Investment and Competitiveness Agenda earlier this week. It now will need full parliamentary support including

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Attractive returns from a proven asset class via SocietyOne P2P

  SocietyOne is Australia’s first fully compliant P2P lending platform. SocietyOne offers investors the opportunity to invest directly into a diversified portfolio of personal loans issued to credit-worthy Australian borrowers. Personal lending is an asset class that has been one of the most profitable parts of the Big 4 Australian Banks.