Digital Finance Analytics (DFA) Blog
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Australia’s pioneering alternative lender, SocietyOne, has reinvented P2P lending for retirees and savers in response to continuing reductions in interest rates, where a growing inability to survive on fixed-term deposit returns is causing an exodus into higher-risk investment options. Where P2P or marketplace investment options have traditionally been segmented by risk-return tiers, SocietyOne is once … Continue reading “SocietyOne Invents P2P 2.0”
I caught up with Mark Jones, Chief Executive Officer of SocietyOne, Australia’s first and only marketplace lender to reach $500 million in loan originations across its personal loan, agri lending and marketplace business. And now its setting its sights on reaching $1 billion by the end of calendar year 2019. I wanted to know how … Continue reading “Fintech Spotlight – SocietyOne – P2P Lending Getting the Recipe Right”
SocietyOne says it has today become Australia’s first and only marketplace lender to reach $500 million in loan originations across its personal loan, agri lending and marketplace business, and is now setting its sights on reaching $1 billion by the end of calendar year 2019. The milestone follows a record August and the recent appointment … Continue reading “SocietyOne becomes first Aussie P2P to hit $500M in lending”
A working paper from staff at the Bank of England “Peer-to-peer lending and financial innovation in the United Kingdom” looks at the P2P lending market in the UK. As well as looking at the geographic dispersion of lenders and borrowers, they also make some observations about the future impact of P2P on traditional banks. First, … Continue reading “The impact of P2P lending on conventional banks”
From Australian Broker Online. Peer-to-peer (P2P) lending is likely to move into residential mortgages in Australia, according to a global peer-to-peer lender. Speaking to Australian Broker, the CEO of ThinCats Australia, Sunil Aranha, P2P lending globally has already moved into residential mortgages so it is likely that Australia will follow suit. “In terms of moving … Continue reading “P2P lending likely to offer home loans”
DFA research was featured in a Sydney Morning Heald feature today “Banks look vulnerable as lucrative loans market gets personal online” by banking reporter Clancy Yates. The article nicely highlights some of the interesting and potentially disruptive plays in the evolving Australian market, including the peer-to-peer lending sector.
From The Conversation (UK) By bringing together savers and borrowers directly, peer-to-peer lending, or P2P for short, bypasses the banks. The cumulative total of loans is forecast to reach £2.5 billion in the UK this year, according to the trade body, Peer2Peer Finance Association. Although these totals are as yet still a tiny proportion of … Continue reading “Is P2P Lending Becoming Banks Outsourcing Their Loan Process…and Risk?”
SocietyOne, Australia’s first and largest Peer-to-Peer (P2P) lender has announced the successful completion of a Series B capital raise with a consortium of eminent Australian investors, made up of Consolidated Press Holdings (CPH), News Corp Australia and Australian Capital Equity. The consortium will acquire 25 per cent of the business initially. Matt Symons, Chief Executive … Continue reading “Local P2P On The Up”
Peer To Peer Lending is going main stream as San Francisco-based Lending Club, the biggest p2p lender in the world with more than $6.2bn worth of loans made through its platform (this is three times the amount of its closest rival, Prosper) seeks to raise at least $650m by IPO at $10 to $12 per … Continue reading “P2P Goes Main Street”
Ratesetter, a Peer To Peer Lender, has just launched in Australia. “Redefining savings and loans in Australia. RateSetter connects lenders with creditworthy borrowers who want a simple, competitive personal loan. We are excited to be the first and only company in Australia to provide peer-to-peer lending to retail savers and investors. RateSetter is not a … Continue reading “Ratesetter P2P Launches In Australia”