Fintech - loan application aggregation platform

Opportunity Type: Minority investment
Industry Type: Finance Technology
Profitibility: Revenue positive, pre profitability
Company Location: Sydney, NSW
Deal Value: $2M to $5M
Founded: January 01, 1970
Registered Here: February 06, 2018

This emerging company, headquartered in New South Wales, has positioned itself as Australia’s first auction-style Loans & Deposits marketplace, where banks & brokers bid for a consumer’s business.

An experienced, high profile Advisory Board is in place whilst the executive team has combined decades of experience in the Australian banking industry.

More about the company:

• They are building a Bank-as-a-Platform underpinned by open API’s and access to data

• Very strong early traction off a low budget. In less than 12 months, they have amassed over 10,000 members & over 1,200 lending requests totaling AUD $200m

• 130 contracts in place with Suppliers (Brokers, Lenders & Banks)

• They have built their own proprietary algorithm called the Financial Potential Profile which predicts a consumer’s financial potential over their lifetime

• Early Stage Innovation Company (ESIC) benefits may be available for certain investors:

Entitles the investor to a non-refundable carry forward tax offset equal to 20% of the amount paid for their qualifying investments. This is capped at a maximum tax offset amount of $200,000 for the investor and their affiliates combined in each income year

• Whilst not new offshore, this company has introduced a new type of credit scoring into Australia, scoring which the company believes will be the future for credit scoring & decision making by banks and lenders.

• The company’s technology & business is highly scalable and plans to expand in to Europe & South East Asia in the next 12-24 months.

• The two co-Founders are former banking experts with nearly 40 years’ combined experience in Credit Risk Management, Digital Transformation, Sales & Distribution

• The strong Advisory Board is led by an ex MD of renowned Australian media organisation / MD of a high profile Federal Government industry body as well as a mix of ex-Banking Group Executives and other specialists.

Target Markets

1. Retail customers looking for better deals on mortgage and cash products

2. ADI’s and related institutions looking for lower cost customer acquisition channels

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