Tagged: societyone

October 12, 2020 @ 10:06 am By Samantha Hurst  |  

Australia-based marketplace lender SocietyOne announced on Monday it has successfully flattened a 2000 per cent spike in hardships caused by COVID-19 after developing and implementing a tech solution in less than 5 days to manage the surge of hardship requests. The lender noted prior to… Read More

February 10, 2020 @ 1:48 pm By Samantha Hurst  |  

Australia-based marketplace lender SocietyOne announced on Monday it has established a warehouse facility arranged by NAB, alongside securing $15 million through its recent equity raise, to support growth. According to SocietyOne, the warehouse facility is also scalable to support the lender’s continued growth, as borrowers… Read More

September 18, 2018 @ 8:06 am By Samantha Hurst  |  

Australia-based marketplace lender SocietyOne announced on Tuesday it has reached $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 2019. The news comes less than a month after… Read More

August 20, 2018 @ 11:28 am By Samantha Hurst  |  

Australia-based marketplace lender SocietyOne announced it celebrated its sixth anniversary of operations as total lending since inception approaches $500 million. Founded in 2012, SocietyOne reported its key mission to provide a better deal for borrowers and lenders. The lending platform claims it has been at the forefront… Read More

July 9, 2018 @ 1:42 pm By Samantha Hurst  |  

Australia-based marketplace lender SocietyOne recently announced that Jason Yetton has stepped down as CEO/Managing Director and will be leaving the company in July to pursue other opportunities. The lending platform reported that Board has appointed Mark Jones, Chief Financial Officer and Commercial Director, as the Interim CEO… Read More

March 28, 2018 @ 11:06 am By Samantha Hurst  |  

Australia-based marketplace lender SocietyOne recently announced it has appointed G&C Mutual Bank CEO, Dave Taylor, as a new non-executive director. According to SocietyOne, Taylor has more than 25 years of experience in financial services. His board experience notably has included directorships of mutual institutions, industry superannuation funds… Read More

November 1, 2017 @ 10:37 pm By JD Alois  |  

FinTech Australia has welcomed the announcement about “comprehensive credit reporting” by Treasurer Scott Morrison at the opening day of the Collab/Collide Summit in Melbourne. The Australian Government will mandate a comprehensive credit reporting regime that should help Australian borrowers get a better deal from lenders,… Read More

October 30, 2017 @ 9:25 am By Samantha Hurst  |  

Marketplace lender SocietyOne announced on Monday it is set to provide positive consumer credit information to credit bureaus as part of the move to establish a fully-fledged comprehensive credit reporting (CCR) regime in the country of Australia. The online lender stated it will start sending… Read More

October 10, 2017 @ 12:00 pm By Samantha Hurst  |  

Australia-based online lender SocietyOne announced on Tuesday it has secured $350 million in total originations. This news comes less than two months after the lending platform celebrated its fifth birthday. According to SocietyOne, the company topping $350 million as the current loan book also reached $200 million… Read More

August 21, 2017 @ 1:07 pm By Samantha Hurst  |  

Australia-based online lender SocietyOne announced on Monday it is celebrating its five-year anniversary of helping customers achieve their lending needs. This celebration comes less than two months after the lending platform surpassed $300 million in total originations. The lender revealed that more than 13,000 customers thanks… Read More

July 10, 2017 @ 9:42 am By Samantha Hurst  |  

On Monday, Australia-based online lender SocietyOne announced it not only celebrated its five year anniversary, it has also surpassed $300 million in total originations. The platform revealed it advanced over $100 million of new lending during the first half of 2017 and its loan book increased… Read More

September 18, 2016 @ 8:18 pm By JD Alois  |  

SocietyOne, Australia’s largest marketplace lending platform, has rearranged the executive bench according to multiple reports. Founders Co-founders Matt Symons and Greg Symons (not related) have recently updated roles. Matt Symons will now become a non-executive director of the online lending firm. He is currently listed as… Read More

May 8, 2016 @ 6:39 pm By JD Alois  |  

Australian peer to peer lending platform SocietyOne has completed another funding round that was revealed last month. This time SocietyOne raised $25 million in equity capital from traditional financial firms G&C Mutual Bank and the Maritime, Mining and Power Credit Union. The transaction was reported… Read More

April 17, 2016 @ 7:16 pm By JD Alois  |  

SocietyOne, has now originated over $100 million in loans according to a release by the company this week.  SocietyOne is the largest Aussie marketplace / P2P lending platform. Australia’s “first” marketplace lending platform has also closed a $25 million funding round, according to a report… Read More

July 24, 2015 @ 11:14 am By Samantha Hurst  |  

SocietyOne, Australia’s peer-to-peer (P2P) lending platform, announced that Mitchel Harad has joined the company as Chief Marketing Officer (CMO). Harad was the Vice President of Marketing of Lending Club, a leading direct lender with headquarters in San Francisco. Leading Lending Club’s borrower marketing efforts over the… Read More

June 21, 2015 @ 10:38 pm By Midori Yoshimura  |  

ThinCats Australia, among the latest peer-to-peer lenders to join the Australian market, is on the prowl for strategic investors as it prepares for a potential initial public offering, notes the Australian Financial Review. The FR writes, It’s understood ThinCats Australia, backed by UK-parent ThinCats, is in discussions with… Read More

May 23, 2015 @ 11:04 am By JD Alois  |  

According to research by Morgan Stanley, peer to peer lending is set to rocket to $22 billion within the next 5 years in Australia.  This is a country with a population of just 24 million.  This highlights the collision path between traditional finance and disruptive… Read More

April 3, 2015 @ 10:45 am By Erin Hobey  |  

Yodlee Interactive, a unit of Yodlee  which powers financial innovation by providing its APIs to developers, entrepreneurs and Fortune 500 innovators, announced its business has grown significantly in Australia and New Zealand in 2014. This traction demonstrates financial technology as a global burgeoning space, with businesses and… Read More

March 25, 2015 @ 8:38 am By JD Alois  |  

Australia based peer to peer lending platform SocietyOne has added to its executive team with the appointment of new Chief Operating Officer Simon Schwarz. The new hire will help position the platform for further growth as the P2P lending industry continues to disrupt traditional banks… Read More

December 3, 2014 @ 10:46 pm By JD Alois  |  

SocietyOne, described as Australia’s first and largest peer to peer lending platform, has announced a successful Series B funding round backed by a consortium of big name Australian investors including News Corp. Australia, Consolidated Press Holdings and Australian Capital Equity.  The big name investors include… Read More