the adviser logo

CommSec founder buys into HashChing, joins board

by Staff reporter5 minute read
Join, handshake

CommSec founder Paul Rickard has joined the advisory board of online mortgage marketplace HashChing and formed part of the group's $6 million capital raise.

Mr Rickard is the founding managing director of CommSec and was previously a senior executive and CIO of Commonwealth Bank. He is now a non-executive director at Property Exchange Australia (PEXA), Tyro Payments and Switzer Asset Management Limited.

To continue reading the rest of this article, create a free account
Already have an account? Sign in

HashChing has also welcomed to its advisory board the chief operating officer of media and financial services group Switzer. Marty Switzer brings to his new role his extensive experience as a finance commentator across broadcast, print and online.

Both have also invested an undisclosed amount in HashChing as part of the company’s current $6 million capital raise.


“The HashChing business model of connecting home loan borrowers with customer-reviewed brokers and the best rates is unique, and I am excited by the investment opportunity,” Mr Rickard said.

“I'm excited to be involved with HashChing. Mandeep and the team have done an outstanding job in building a disruptive business model and distribution network in such a short period of time. The future looks bright and I am looking forward to the journey,” Mr Switzer said.

HashChing CEO Mandeep Sodhi said the new additions to the board would be instrumental in helping the company disrupt the stranglehold of the big four banks and evolve its business model to encompass other financial services successfully.

“Paul Rickard and Marty Switzer are exceptionally talented and experienced, and adding their mentorship and guidance to our already esteemed advisory board will make all the difference in helping us scale the business to achieve our aggressive growth plans,” Mr Sodhi said.

Since launching in August 2015, HashChing has received more than $7 billion worth of home loan applications.

The company has also incorporated cutting-edge technologies, including predictive analytics, geo-targeting, machine learning and virtual verification of identity (VOI) into its platform.

CommSec founder buys into HashChing, joins board
TheAdviser logo

James Mitchell

James Mitchell


James Mitchell has over eight years’ experience as a financial reporter and is the editor of Wealth and Wellness at Momentum Media.


You need to be a member to post comments. Register for free today


mark lewis fast ta llosc4

In Memoriam: Mark Lewis, 1963–2022

Mark Lewis passed away on Saturday (13 August). Mr Lewis was a well-known identity in the third-party broker...

anthony waldron mortgage choice ta ithtxm

Broker expertise key for securing right loan: Mortgage Choice

The data, which is derived from a June survey of 1,002 broker customers and conducted by Honeycomb Strategy,...

Mark Bouris new ifa

Brokers need to focus on the ‘value-add’: Mark Bouris

With competition among brokers increasing as the number of brokers rises – coupled with the fact that fewer...

Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more