Monthly Archives: November 2014

Australian Banks makes it easier for Ratesetter and SocietyOne

Australian Banks make it easier for Ratesetter and SocietyOne. One week ago saw the launch by Ratesetter of the first fully open to all P2P lender in Australia. Combined with their other high profile competitor SocietyOne, I saw this as the likely start of a change to the Australian consumer lending markets. Nevertheless, any changes we experience

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P2P for everyone – Ratesetter Australia opens its doors for business

A few days ago Ratesetter Australia officially launched its new P2P Lending Business and opened its doors for business. They now become the first P2P lender licensed to offer P2P lending to all Australians. RateSetter Australia CEO, Daniel Foggo, said, “RateSetter is the first and only P2P lender operating in the Australian market licenced to offer all

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El-Erian leaves Pimco takes a US$12m equity stake in P2P

Major management changes for Pimco have been the flavour of 2014, with the departure of Mohamed El-Erian earlier in the year, and the more recent departure of Bill Gross. El-Erian has now disclosed he has made an investment of some $12m in the US P2P lender Payoff. This year the two high profile heads

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