SocietyOne is Australia's only active Peer-to-Peer lender that connects investors directly with creditworthy borrowers, anonymously, in a secure online platform.
SocietyOne was co-founded by Matt Symons (Chief Executive Officer) and Greg Symons (Chief Operating Officer) in May 2011.
Matt and Greg were introduced in 2010. After witnessing the success of Peer-to-Peer lending in the UK and the US, they shared the belief that P2P lending would also have the potential to shake up consumer credit in Australia.
A successful entrepreneur and angel investor, Matt discovered a passion – and talent - for building rapid growth data and analytics technology businesses early in his career. He first heard about P2P lending in 2009 when he was based in San Francisco, where he was heading up large-scale digital transformation projects for large financial organisations in the US.
Greg has been a driven entrepreneur since the age of 15. He has specialised in financial technology businesses and developed web-based, industrial-grade banking and origination systems over the last 17 years. After discovering social lending in 2007, Greg reengineered his loan origination and receivables management platform ClearMatch towards the emerging P2P lending industry.
The SocietyOne P2P lending platform, powered by ClearMatch, was launched on 22 August 2012, as Australia's first fully compliant and only active P2P lending platform.
Simply a better way
Online marketplaces have transformed a range of traditional industries including consumer retail, travel, media and entertainment by empowering consumers and lowering transaction costs. With the emergence of innovative platform technologies and more streamlined online credit assessment services, P2P lenders around the world are seeing considerable success building up high quality portfolios and award-winning reputations for great customer service.
Our goal at SocietyOne is to bring this revolutionary potential to Australia, where banks still dominate the consumer credit market. We want to shake up the consumer finance industry by giving borrowers better rates to match their credit histories whilst providing investors with the opportunity to invest in a profitable asset class.