Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

CommSec founder buys into HashChing, joins board

hands   hands
Staff reporter 4 minute read

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.

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.

Advertisement
Advertisement

“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.

PROMOTED CONTENT


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
hands
TheAdviser logo

Are you a new-to-industry broker in the process of growing your business? Then there’s some great news: The Adviser’s New Broker Academy is back in 2021 and will provide you with essential insights into cutting-edge tools, strategies and processes to fast-track to success. Don’t miss your chance to attend. To secure your FREE place, visit newbroker.com.au now!

hands
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.

He has a sound pedigree to cover the business of mortgages and the converging financial services sector having reported for leading finance titles InvestorDaily, InvestorWeekly, Accountants Daily, ifa, Mortgage Business, Residential Property Manager, Real Estate Business, SMSF Adviser, Smart Property Investment, and The Adviser.

He has also been published in The Daily Telegraph and contributed online to FST Media and Mergermarket, part of the Financial Times Group.

James holds a BA (Hons) in English Literature and an MA in Journalism.

 

 

more from the adviser
Greater Bank Newcastle Perm merger

Breaking News

Bank CEO pledges to maintain broker offering following merger

The CEO of Newcastle Permanent has said the lender will continue ...

Money jar

Breaking News

bcu launches $5k cashback offer

The customer-owned bank has released a cashback offer for new and...

RBA

Breaking News

RBA makes cash rate call as lockdown drags on

The central bank has delivered its rate decision for August as th...