ALTFI AUSTRALASIA SUMMIT 2017
HOSTED AT DOLTONE HOUSE, SYDNEY
MONDAY, 27TH FEBRUARY 2017
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.
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.
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.