ssimpkins

Bridging loan fintech rebrands, secures $7.7m funding

Non-bank lender Bridgit has shrugged off the old name of TechLend and wrapped a $7.7 million raise, with plans to use the funding to expand its company.

LENDER • Thu, 17 Mar 2022

MoneyMe completes SocietyOne acquisition, reveals management shuffle

MoneyMe has finalised its purchase of online lender SocietyOne, with its greater scale and new link to Westpac expected to be a “massive” competitive advantage.

LENDER • Wed, 16 Mar 2022

AMP targets faster turnarounds with new tech

AMP Bank has signalled that it is investing in technology to speed up the home loan approval process, starting with digital signatures.

LENDER • Tue, 15 Mar 2022

Tasmania rolls out more SME COVID support

The state government has reopened its COVID-19 Business Impact Support Program.

BORROWER • Mon, 14 Mar 2022

National Lending Group makes commercial pivot

Boutique aggregator National Lending Group has outlined a new growth strategy, including a partnership that will encourage more brokers to branch into commercial finance

AGGREGATOR • Sun, 13 Mar 2022

Assistance flows to customers of failed Tasmanian builders

The Tasmanian government has revealed the uptake for its recent financial support package for home buyers left in the lurch after two construction companies went under.

BORROWER • Sun, 13 Mar 2022

AFCA promises slashed costs in proposed funding model

The complaints body has claimed its new proposed user-pays funding model would reduce costs for small broker and financial adviser firms.

COMPLIANCE • Thu, 10 Mar 2022

Lender launches $1m loan to market

A new funding facility has allowed Banjo Loans to expand further into the SME sector, offering unsecured loans of up to $1 million.

LENDER • Tue, 08 Mar 2022

Former Mortgage Choice CEO launches lender

A new non-bank lender has sprung onto the home loan market, led by former bosses from Mortgage Choice and the Royal Bank of Scotland.

LENDER • Mon, 07 Mar 2022