How this fintech startup secured an Australian-first $60 million bank partnership

  |   Written By by admin ON

[1] Queensland-based Auswide Bank will be investing $60 million into the fintech industry over five years in the peer-to-peer lending startup, MoneyPlace.

[2] MoneyPlace is an online marketplace matching investors with borrowers and they’ll be exchanging Auswide Bank’s investment with a 20% equity.

[3] The bank’s managing director Martin Barrett is truly impressed with the startup’s offerings.

l_moneyplace

[Source] Australian Information Technology News – How this fintech startup secured an Australian-first $60 million bank partnership