October 2024
Goldman Sachs refinances Pallas Capital’s $500m facility
It comes after Pallas in July lured Westpac NZ to refinance a $NZ400 million facility focused on Kiwi small-to-medium enterprise borrowers.
September 2024
Adgemis makes bold play to reclaim Public Hospitality’s lost pubs
Jon Adgemis is keen to take back control of the five Sydney pubs Public Hospitality Group lost control of last week.
New York lender in fight over slice of Adgemis’ pubs group
A major lender to Public Hospitality Group, the hotel empire of former KPMG deal maker Jon Adgemis, has signalled it will call in receivers to five Sydney pubs.
June 2022
Oaktree’s Makam calls out the credit market’s hidden risks
The message from the US veteran portfolio manager to Australian institutions piling into private debt is that the returns don’t always reflect the risks.
February 2022
Listed lender MoneyMe in $20m placement
Non-bank lender MoneyMe needs $20 million to help fund its SocietyOne acquisition.
December 2021
MoneyMe to acquire SocietyOne as fintech personal lenders seek scale
Owned by media moguls, SocietyOne has been a perennial float candidate, but instead will be bought by MoneyMe, which is set to join the ASX300.
July 2021
Fraudsters discover the easiest way to rob a bank
The big banks have a long history of losing millions of dollars at the hands of invoice fraudsters.
March 2021
The unholy alliance of Greensill and the growth hackers
Loans to Greensill’s venture capital backers, such as General Atlantic and Soft Bank, suggest a circular relationship built on hidden leverage. This is what happens when growth rules at all costs.
February 2021
Harmoney, MoneyMe lift personal loan originations in bank tech battle
Two tech-driven personal loan apps are finding new customers in an area the major banks have struggled with. Both are neck-and-neck on the market and volumes.
Zip Co goes shopping for US investors, mulls second listing
Payments group Zip Co is going to the home of rival Afterpay’s biggest supporters to try to bridge a $35 billion valuation gap between the two companies.
November 2020
'Consumer confidence is returning': SocietyOne
In just five weeks, new loans are up 150 per cent and could surpass pre-COVID-19 record levels by early next year as a sense of certainty returns to the economy.
October 2020
Personal lender Harmoney touts new Google-powered marketing
Harmoney is targeting a November ASX listing and is talking to investors about a unique approach to finding new customers using the internet search giant.
September 2020
Plenti punished on debut
Shares in the non-bank lender opened down sharply when the largest initial public offering of the year launched, as investors showed caution about unsecured personal lending.
August 2020
First real stress test gags SocietyOne sceptics
Young lenders like SocietyOne had often been attacked because they'd never been through a recession but the pandemic has nixed that argument.
July 2020
SocietyOne shed 70pc of business in three weeks
The marketplace lender was writing record levels of new business prior to the crisis. After bunkering down it's keen to get back to growth again.
June 2020
RateSetter tells investors loan growth is on track ahead of float
As green shoots pop up in the IPO market, another contender is seeking to rear its head.
February 2020
SocietyOne finally ready to test the market
Media moguls are preparing the personal lender for its next growth phase after new loans surged in 2019.
December 2019
Small business is dumping the big four banks for fintech lenders
Small business is turning away from the big banks because of loan security requirements, but the new generation of lenders come with their own problems.
October 2019
Local fintech launches new digital currency for trading loans
Marketlend has an online marketplace for small business loans, its new digital currency called Black will be backed one-to-one with the Australian dollar.
September 2019
NAB provides debt for Symple to attack personal lending
Australia's biggest business bank is seeking exposure to disruptive forces by providing warehouse funding for fintech start-ups.