Lending

Marketplace lender SocietyOne has set a new record for marketplace lending, following steady growth in the first quarter.

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Banks will benefit from the increased competition brought to the Australian finance sector by innovative fintech start-ups, according to ANZ.

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Queensland bank Auswide has announced it is increasing its equity stake in peer-to-peer lender MoneyPlace as part of its strategic focus to “significantly” grow its customer lending book.

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Personal loan marketplace SocietyOne is considering offering mortgages through its lending network.

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Online lender Spotcap has announced a new $20 million funding deal as well as the launch of operations in New Zealand.

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