Connect with us


SocietyOne follows Afterpay onto Westpac 10X platform – The Australian Financial Review

Westpac-backed lender SocietyOne is considering offering mortgages using the banking-as-a-service platform, showing a strategy diverging from Commonwealth Bank.



SocietyOne, one of the original fintech start-ups that venture capital fund Reinventure Group invested in back in 2014, is expected to pursue an ASX listing this year. Its shareholders include News Corp, Seven West Media, Australian Capital Equity and Consolidated Press Holdings, which have been helping drive customers to its website.
It has originated more than $1 billion in loans and has 75,000 customers, but more than half of the 80,000 customers that hit its website each month are seeking mortgage…

Click here to view the original article.

Continue Reading

You might also like ...

2 tech ETFs for ASX investors to buy after the market selloff
Article feature image
Qantas banking on international travel to resume later this year which could trigger big fare sales – PerthNow