Category Archives: P2P

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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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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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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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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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 https://www.ratesetter.com.au 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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Off-Shore Funds target NZ’s P2P Harmoney

Harmony, the NZ P2P lender, opened its doors in early September see http://www.ozp2plending.com/harmoney-nz-launches/. At that time it made international headlines with the announcement that it had opened with institutional investor support of over $100m.  ‎The question that followed was who were these investors, were they local funds or off-shore players? Well earlier this week, it came to

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A real bank alternative – SocietyOne

In August 2011, Matt and Greg Symons (no relation) co-founded Australia’s only currently active P2P lender, SocietyOne http://www.societyone.com.au. Whilst working in San Francisco, where two of the large online P2P marketplaces in the US are headquartered, Matt was exposed to P2P for the first time . He returned to Australia in 2010 and was introduced

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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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