Key Stats

NameSocietyOne

Sector: P2P Lending

Founders: Matt Symons, Greg Symons

CEO: Jason Yetton

Year of investment: 2014, 2016

Rounds: Series A, Series B, Series C

Co-investors: Seven West Media, Consolidated Press Holdings, News Ltd

What they do

SocietyOne is Australia’s first fully compliant peer-to-peer (P2P) online lending platform connecting borrowers and investors in a secure, safe, professional online environment.

For borrowers SocietyOne offers the most competitive rates on personal loans in market and a streamlined application process.

For investors, SocietyOne is innovating in fixed interest products by identifying and targeting niche segments of mispriced risk, such as unsecured personal lending, livestock lending and medical practices, and offering investors the ability to invest in fractional loan interests, allowing them to diversify both within and across asset classes.

Westpac buys into first peer-to-peer lender

Why we like them

The SocietyOne founders have great track records as entrepreneurs and the technology they have brought to the table gives them a great ­advantage in the P2P space. It is also a business with potential synergies with Westpac.

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