In part one of our Ratesetter review, I talked about the frustration I have had personally when investing in Australia and looked to Ratesetter as an alternative. Then I showed how easy it is to sign up to and start investing. However, many questions remained. Therefore, part two of our review aims to give you a […]
Want to earn more than a couple percent in a bank account? Me too! Hi my name is Quinn. I am a regular family guy (not a financial advisor) who has been investing since I was old enough to do so. Up until 2008 and the GFC like many others I did pretty well … […]
When the American LendingClub board fired the company’s CEO and founder in May for suppressing information about a dubious $22 million loan sale the entire Peer-to-Peer (P2P) lending industry came under a cloud including the fledgling Australian industry. Questions were raised about the reliability of data that the company publishes. As a result, lenders became […]
The Financial Technology (FinTech) sector in Australia is booming with new companies entering the market on a regular basis. Peer-to-peer lenders, which work in direct competition with the country’s banks, are also becoming increasingly active. A number of new P2P lenders have recently established operations with several more planning to launch themselves in the coming […]
Online services that match lenders with borrowers are making rapid inroads into the Australian financial markets. These companies, which are commonly known as peer-to-peer lenders or marketplace lenders, use their websites and proprietary algorithms to connect investors with individuals or small businesses that require funds. The heart of the business model of these peer-to-peer or […]
Peer-to-peer lending has the potential to bring about massive changes in the Australian financial services industry. These companies, which also go by the name of P2P lenders or marketplace lenders, have been operational in the country for the last four years but have only now started making a substantial impact. They have rapidly increased their […]