January
Private credit star Metrics is bringing cheap(er) wine to Rockpool
The founder of Metrics, one of the biggest non-bank lenders, has his hands full overhauling Rockpool – and defending the booming sector from its critics.
November 2024
Meet the frequent flyer fintech targeting a $2.6 trillion market
The fastest growing fintechs in this year’s Fast 100 are an eclectic mix with a common trait: they’ve carved out niches for uniquely Australian audiences.
October 2024
Equipment financier Coex Capital secures $200m warehouse, fresh equity
A major Australian bank provided the senior funding while credit fund Alexander Funds tipped in mezzanine debt.
July 2024
This must be one of the worst ways of making a return
There’s a dollar to be made lending to people with “impaired credit” while running a debt collection firm. Just ask Brookfield, which is all over this business.
May 2024
You’re no Afterpay: judge finds payday loans breached law
The findings against the lending scheme, which involved a former Super Rugby player, came despite claims of similarity to buy now, pay later operations.
Care A2 Plus lender applies to wind up baby formula minnow
Care A2 Plus faces the prospect of being wound up due to a long-running dispute with a lender who alleged the infant formula manufacturer defaulted on a $2.2 million loan.
February 2024
Former GE Capital execs prepare raise for new equipment financier
Founders, Michael Burke and Craig Jones, worked in plum roles at GE Capital until its breakup in 2015.
December 2023
Sargon’s Kingston bankrupted over $154m China financier debt
Phillip Kingston, founder of superannuation technology venture Sargon Capital, did not appear at a court hearing about money. He says he’s in Ukraine.
September 2023
Eyes on Team Global Express’ soaring loan bill
Accounts show the logistics giant is sitting on a syndicated asset-backed loan with a carrying value of $134.5 million.
August 2023
Wisr’s largest shareholder a lucky seller
On the day non-bank lender Wisr posted revenue growth of 55 per cent, the just-ousted CEO who secured this result entered a not-guilty plea.
Wisr’s sacked chief denied bail
Listed fintech Wisr has in the past week sacked its CEO and had its chairman temporarily recuse himself due to his “familial relationship” with said CEO.
Why this 15pc share price plunge is good for the economy
Investors punished distressed lender Credit Corp after it revealed good news for the rest of us. The number of Australians who can’t pay their bills is hardly rising.
April 2023
Non-bank lender Wisr lays off 40 staffers
Sources said the redundancies landed this week, but there was no pull-back in the current business, with job cuts focused on longer-cycle units like R&D.
February 2023
Care A2 Plus in legal stoush over loan default
The infant formula producer has become embroiled in a dispute with its lenders, who allege it has defaulted ahead of a potential listing on the ASX.
October 2022
The Aussie fintech providing micro-loans to Indonesia’s ‘unbanked’
The founder of Tapp got his business idea after meeting a 14-year-old in rural Indonesia going village-to-village selling pre-paid electricity to her neighbours.
July 2022
Multibillion building rectification bills draw new lenders, loans
Friction over the new loans reflects the pressures on strata management, a cottage industry that has undergone huge growth and has to deal with increasingly complex issues.
May 2022
Where you can find cheaper loans for solar or electric vehicles
Want your household to go green to cut soaring energy costs? This is what’s on offer.
April 2022
Beforepay shares jump on declining loss rates
The fintech says it’s adding users and paring back losses on its long road to profitability.
March 2022
Bridgit banks $7.7m to turbocharge same-hour loans
Non-bank lender Bridgit has banked $7.7 million from OIF Ventures and Perennial Partners, aiming to tap into the growing gap left by big banks reluctant to offer bridging loans.
Why everyone is talking about private debt again
It is a much-needed defensive anchor in a complex world and there are credible reasons as to why the Australian market will grow exponentially, writes Katrina King.