ALTFI AUSTRALASIA SUMMIT 2017
DISRUPTING THE LENDING ECOSYSTEM
MONDAY 27TH FEBRUARY 2017 | DOLTONE HOUSE (JONES BAY WHARF), SYDNEY
OnDeck is a leader in online lending for Australian small businesses, committed to providing faster and easier access to finance. OnDeck uses an innovative, data-driven approach to determine the health of a small business and offer tailored finance solutions, through a streamlined process that respects a small business owner's time.
RateSetter is a radical new approach to finance that empowers investors to get a good return while delivering a fairer deal for borrowers. Uniquely, in our market the rates are set by investors and borrowers, not by committees or banks.
RateSetter invented the Provision Fund, which reduces the risk of loss so effectively that no individual RateSetter investor has ever lost a penny: a unique feat amongst the major P2P platforms.
The platform has lent out £900m to UK individuals, businesses and property developers.
Dun & Bradstreet
Established in 1841, Dun & Bradstreet is the world’s leading source of commercial information and insight.
Backed by our extensive credit and commercial databases, we help Australian businesses to make informed sales, risk and debt management decisions, and consumers to access personal credit information.
Dun & Bradstreet transforms data into complete and actionable business information. Quality data is the foundation for all of critical decisions, whether in sales & marketing, risk management, business growth, debt collection or consumer credit.
With over 225 million records on businesses from around the world, we have more data and insight about businesses than any other information company on the planet.
Our solutions provide the indispensible content that businesses need to tackle crucial challenges and opportunities, mitigate risk, streamline operational practices and engage new audiences.
Bigstone has set out to solve two big financial problems: The two big stones:
— rising compliance, capital, & service costs, have seen the working capital gap for SMEs to grow to >$1.2T USD. Without RE collateral, SMEs cannot access funds between 7 - 22%
— Markets are desperately seeking yield, bidding up the price of RE, dividend stocks, & driving down bond yield. Most of us are exposed to capital risk we don't understand and without a return of >6% we can't ensure our funds last as long as we do.
The MW Eaglewood Group specializes in investing in global marketplace lending and direct lending strategies. The MW Eaglewood Group, comprised of MW Eaglewood Europe LLP and MW Eaglewood Americas LLC, (the “Firm”), is part of the Marshall Wace group of investment managers under common control. The Firm focuses on strategies that offer a compelling combination of yield, credit quality and duration while minimizing volatility of returns and correlation to other asset classes within the portfolio. The Firm believes that its highly experienced, multi-disciplinary team is one of its core strengths and a source of competitive advantage. The MW Eaglewood Group manages $2 billion in gross assets across multiple funds.
MW Eaglewood Group was first to complete several milestone industry transactions
First manager to launch an institutional, listed fund in the UK focused on marketplace lending assets. This listed vehicle entered the FTSE 250 in September 2015
First to execute long term loan purchase agreements with platforms such as Lending Club, Zopa and Funding Circle and today has relationships with 18 lending platforms globally
First to create leverage in the asset class, including the first warehouse line, the first securitization of marketplace lending consumer loans in the U.S. and the first AA rated securitization of marketplace lending consumer loans in Europe
The MW Eaglewood Group works with alternative lending companies globally, with a focus on marketplace lending platforms, balance sheet lenders and other originators. The Firm targets investments backed by consumer, small and medium-sized enterprises, real estate, corporate loans and trade receivables. Since its inception, the Firm has partnered with multiple leading originators and currently has over 200,000 individual loans across its portfolio.
Leading in innovative thinking, Marketlend performed extensive research in the Australian lending market for lending facilities. As a result, it has established Marketlend, to fulfil a real need for both investors and borrowers alike.
Marketlend offers a marketplace lending solution using a hosted system that manages the entire peer-to-peer lending process. This solution is further enhanced by a strong well established trustee handling all monies, a robust legal structure issuing secured notes, predictability software for the rating of the risk, and a secure payment system. The process from application to paying the borrower can be a short as 10 minutes.
Harmoney is the leading peer-to-peer lending marketplace in New Zealand and the fastest growing and largest marketplace across Australasia. In less than two years of operation, Harmoney has:
· raised $35 million in capital and invested substantially in its marketplace infrastructure;
· assessed more than $2.5 billion in loan applications;
· facilitated more than $330 million in lending;
· paid more than $36 million in interest to Lenders;
· processed more than 7.5 million transactions.
Peer-to-peer lending is an innovative new form of finance that connects borrowers directly with lenders. Harmoney does not lend any money; its role is to administer the marketplace and act as an intermediary between borrowers and lenders so anonymity is protected.
Spotcap is an innovative online lender for small and medium sized businesses. The company was founded in 2014 and is led by Dr. Jens Woloszczak. Spotcap is headquartered in Berlin with local offices in Amsterdam and the UK, led by MD Niels Turfboer, Sydney, led by MD Lachan Heussler and Madrid, led by MD Diego Bestard.
Based in Canada, Lendful Financial provides a better way to borrow, offering Canadians quick and easy access to loans at interest rates that can save them up to 30% when refinancing. It offers three-to-five-year, fixed-term loans to credit-worthy borrowers with a credit score of 650 and over. Lendful Financial helps its users avoid poor customer service, signing unnecessary paperwork, unexplained high interest rates and bank chargers, and rejection. It aims to provide its customers with the means and time they need to build their lives
InvoiceX is a division of Allbridge Capital Pty Ltd, a privately owned finance company whose founders have spent their careers building businesses in both Australia and overseas and dealing with transactions valued at over $20 billion in aggregate.
There’s no reason growth should be put on hold because of a lack of finance. But many ambitious businesses can’t reach their potential because banks won’t fund them without real estate backing. It’s keeping their future out of reach and it’s time for that to change. It’s time investing caught up with the new sharing economy that’s seen the likes of Uber and Airbnb thrive.
And that’s where InvoiceX comes in. We connect businesses with confidential, invoice-based finance from sophisticated investors, allowing them to convert their high-quality receivables into capital to grow, with absolutely no lock-ins.
SocietyOne is radically changing the landscape of financial services in Australia. Since our foundation four years ago, we have gone from a standing start to providing more than $200 million in loans to more than 8,000 borrower customers supported by a diverse mix of investor funders now numbering nearly 300. As well as the pioneer of marketplace (peer-to-peer) lending in Australia we are also the largest personal loans lender in the sector. We have evolved from a small online start-up to a scaled up new generation digital financial services company that is loosening the stranglehold the traditional banks have on the consumer finance market estimated by APRA to be $100 billion in size (excluding housing). While our total lending is currently small by comparison, we are growing and rapidly. Our target is to take a 2-3 per cent share of this market over the next five years and grow our customer numbers to 100,000.
DirectMoney is Australia's first, and only, ASX listed Marketplace Lender, and is committed to continuing to innovate the personal lending landscape through automation, artificial intelligence and overall customer experience. The DirectMoney Personal Loan Fund is Australia's only pooled retail fund where risk is automatically diversified across all investors, providing a fully managed solution, with historically consistent monthly returns.
Veda is a data analytics company and the leading provider of credit information and analysis in Australia and New Zealand. From its core credit bureau business established in 1967, Veda has expanded to deliver a suite of credit and other analytical products targeted to consumers and specific industry segments.
Veda’s customers use data intelligence provided by Veda to make decisions on credit risk, verify identity and employee background, reduce identity theft and fraud, and undertake digital marketing strategies.
In February 2016, Equifax Inc., a global leader in information solutions, closed its acquisition of Veda. Equifax powers the financial future of individuals and organisations around the world, using its strength of unique trusted data, technology and innovative analytics, Together Veda and Equifax offer their customers world leading insights and knowledge to help them make informed decisions.