Category Archives: Blog

Market Perspectives: Simon Cordell the Head of Credit Risk at Ratesetter Australia

Last Friday, I sat down with Simon Cordell the Head of Credit Risk at Ratesetter Australia. Simon is a 20-year veteran of consumer and SME credit (he was head of small business risk management and head of consumer risk at Amex (Australia) before joining RateSetter in 2016) and has worked all over the world for Amex. He

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A Blockchain solution for Marketplace Lending, it’s from Sydney

Blockchain continues to generate a huge amount of interest and hype within the global capital markets, and now we see something tailored for marketplace and alternative lending coming from Sydney. The use of blockchain (distributed ledgers) provides a new approach for data management and transparency, which will become a solution to many of the inefficiencies

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Ratesetter Australia targets the key domain of banks – secured loans

Ratesetter Australia targets the key domain of the banks – secured loans. Late last week Ratesetter Australia announced that it would be the first P2P lender to offer secured personal loans, targeting a market at the heart of the banking industry. I met with Daniel Foggo the CEO of Ratesetter and Glenn Riddell the Head of

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Innovation Nation a discussion with Alex Scandurra the CEO of Stone and Chalk

Alex Scandurra the CEO of Stone and Chalk would like Australia to be globally recognised as the “Innovation Nation”. Stone and Chalk is Sydney’s soon to be opened non-profit, government and corporate backed fintech hub. To better understand the vision that Alex has for the hub, this week I sat down with him for a

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InvoiceX no need to be sitting in Sydney nor Melbourne

A new dedicated invoice financing platform called InvoiceX is operating out of Hobart in Tasmania. A long way from the market noise of Sydney or Melbourne with government and corporate funded incubators and banks desperately stepping all over one another trying to be seen as leading the fintech race in Australia, but as always oblivious

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Australian Marketlend goes quietly about business

The Australian marketplace lending platform Marketlend goes quietly about it’s business. The company has been open since December 2014, yet has taken a rather low key approach compared to many of their competitors and even those that are still to launch. I decided to catch up for a coffee with Leo Tyndall the CEO and

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More Europeans arrive – Spotcap now open for business

As of Tuesday, more Europeans have entered the Australian SME Lending Market, this time with Spotcap now open for business. Last year we saw the launch of Ratesetter and ThinCats, with Ratesetter focused on  pure P2P consumers and ThinCats on secured business lending. So yesterday I sat down for a coffee with Lachlan Heussler the MD

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Ratesetter Australia’s business strategy gathers pace

Since their opening in November 2014, Ratesetter Australia‘s business strategy continues to gather pace. As every Australian knows the quietest time of the year is December and January. So it was really interesting to see their business update at the end of April, which reflected a strong first quarter with matched loan volumes of over

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Stone and Chalk the new Sydney Fintech Hub established, the banks must be very pleased

Yesterday the NSW Premier Mike Baird, announced that a new Sydney Fintech Hub called Stone and Chalk will be opened in May. The new hub will be located on the 26th floor of a building in the Sydney Central Business District. The floor will be transformed into a space, with the hope that a new future for financial

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A$ at record lows, timing for International Expansion into Australia P2P is better than ever

With an A$ at record lows, expansion by International Marketplace Lenders  into the Australian P2P market is better than ever. I have been watching closely the change in the A$ and more recently wondered what impact this might have on investment here, particularly for the development of the P2P market? I am now more and

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