Daniel established RateSetter in Australia in 2012 and led RateSetter's engagement with ASIC to make P2P lending available to retail investors in Australia. Daniel has overseen the rapid expansion of RateSetter in Australia, including the introduction of Carsales as a key shareholder, opening up the opportunity for P2P lending to play a meaningful role in the automotive finance market. Prior to leading RateSetter in Australia, Daniel was a director of the investment banking division of Barclays Capital and advised on mergers and acquisitions at NM Rothschild in Europe.
This panel looked at core products, risk and the average loan size.
Jonathon Kelly said that their best product was the core product flexi and that the average borrower took in $2,000 – 5,000.
Larry Diamond said zipMoney is a mix between credit and payments company, offering effectively a digital credit card. He said $1,000 – 5,000 is his company’s sweet spot for borrowers.
For Daniel Foggo and RateSetter, it’s about amortizing personal loans.The loans RateSetter looks for are typically around $35k, mostly for cars. “We’re doing this more at the point of sale nowadays. Really about the consumer finding a convenient way of funding this.”
24th April 2018 | Ryan Weeks
9th December 2015 | Guglielmo de Stefano
7th December 2015 | Guglielmo de Stefano