We are SocietyOne

Australia’s first and leading marketplace lender

SocietyOne is Australia’s first and leading marketplace lender

We're on a mission to help our borrowers and investors achieve their goals, and provide both with a better deal.
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Finding investors who are looking to get great returns and are proud that their investments are supporting real people, then through our digital lending platform, we help high quality borrowers who are looking to get a better and fairer deal than they’d get from the big banks.

Since our beginning in 2012, we’ve matched investors’ funds with over 35,000 customers and we continue to grow, recently passing $1 billion in lending in January 2021.

With the support of strong shareholders we’ve gone from strength to strength, evolving from a small online start-up to an industry leading scale-up.

We continue to innovate and break barriers to deliver on our mission:

“To provide a better deal for borrowers and investors… one brilliant lending moment at a time.”

Our Shareholders

With the support of strong shareholders we’ve gone from strength to strength, evolving from a small online start-up to a leading fintech.

Award winning personal loans

Societyone personal loans

For Borrowers

Our borrowers are financially savvy! They have some of the best credit profiles going around which means we can offer them a lower rate!

They love how easy it is to apply (we’re 100% online) and getting a quote doesn’t affect their credit score. The process is so simple and quick…our customer team is fantastic too!

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Societyone personal loans

For Investors

Our investors love that they can gain access to a proven asset class and the security of a consistent monthly income stream with great returns.

Our unit trust model means the whole investing experience is simplified and fairer, just how investing should be.

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We're Kicking Goals

2012

August
We open for business as Australia's first marketplace lender

November
We’re voted "Best of Show" at Finovate Asia 2012 for our application technology

2013

January
Our loan book reaches $1 million
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July
Our loan book doubles! We’re now at $2 million

2014

February
Westpac Group's Reinventure Fund invests $5 million as part of our Series A capital raising and becomes a major shareholder

March
Lending doubles again, reaching $4 million
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December
We welcome Australian Capital Equity, Consolidated Press Holdings and News Corp Australia as shareholders after our successful Series B $20 million capital raising

2015

February
A great start as we pass $20 million in funded loans

‍July
We partner with Veda (now Equifax), to promote getcreditscore.com.au and offer credit scores for free
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December
KPMG and H2 Ventures ‘Fintech 100 report’ names us as the 37th top financial technology company in the world

2016

April
We break through the $100 million barrier of loans funded, a record for an Australian marketplace lender

May
We raise a further $25 million in capital from existing and new shareholders, making a total of $55 million since early 2014

December
Total originations reach $200 million since our beginning, another record for lending

2017

May
We add some trophies to the cabinet winning Innovative Retail Banking Product of the Year at the Australian Retail Banking Awards and Excellence in P2P Lending at the inaugural FinTech Australia awards

October
Current loan book passes $200 million, with $350 million in total lending since inception and having helped more than 13,000 customers

2018

January
We raise $7.75 million in capital and pass $400 million in originations

May
Placed 37th in the AFR Most Innovative Companies award for improvements to our customer application experience

July
We launch our own credit scorecard, significantly improving our ability to assess borrower applications

September
Total originations passed $500 million

2019

March
Passed $600 million in originations
Launched whole loan funding for large institutional investors
Won Fintech Business Excellence Award (Company) and Lending
Innovator of the Year
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April
We launch a unit trust enabling sophisticated investors to achieve smooth returns

May
Place 7th in the AFR Most Innovative Companies award for Banking, Superannuation & Financial Services for our broker channel process and experience

August
For our 7th birthday, we celebrate passing $700 million in originations and helping over 30,000 customers

October
Awarded Product Review award for personal loans and a Canstar 5 star award

December
Capital raise of $15 million to support a $100 million funding warehouse and future growth

2020

March
Launched our credit score service, enabling customers to understand, track and improve their credit score

July
Passed $900 million in originations

August
Placed 2nd in the AFR Top 100 Innovative Companies for our response to COVID-19 hardship

2021

January
Passed $1 billion in originations

February
‍Launched secured loans

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Information about SocietyOne borrowing rates
Tier 1 borrowers will receive an interest rate between 6.99% - 10.49% p.a. (comparison rate 6.99% - 12.20% p.a.). Tier 2 borrowers will receive an interest rate between 9.99% -12.19% p.a. (comparison rate 12.63% - 13.89% p.a.). Tier 3 borrowers will receive an interest rate between 11.99% - 14.99% p.a. (comparison rate 14.96% - 16.61% p.a.). Tier 4 borrowers will receive an interest rate between 14.99% - 19.99% p.a. (comparison rate 18.48% - 21.56% p.a.). Loan example: for a borrower with excellent credit (Tier 1 borrower), a loan of $10,000 over a 3 year term, with an interest rate of 8.99% p.a. (comparison rate 11.69% p.a.) and a $400 establishment fee, the fortnightly repayment would be $152 and the total cost over the life of the loan (including the establishment fee) would be $11,883.

Information about comparison rates
Comparison rates are designed to allow borrowers to understand the true cost of a loan by taking into account fees and charges, the loan amount and the term of the loan. The SocietyOne comparison rate is based on an unsecured fixed rate personal loan of $10,000 over 3 years. WARNING: Comparison rates are true only for the examples provided and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.

Information about bank comparison table
All rates in the bank comparison table are based on an unsecured fixed rate personal loan of $10,000 over 3 years. The SocietyOne rate is the lowest available rate for a borrower with excellent credit (Tier 1 borrower). See above for more information about SocietyOne borrowing rates. The comparison table does not take into account short term bank promotional rates.

Canstar 5-star Rating was awarded on 7th of November 2019 for the Unsecured Loan – Excellent Credit Product for the Unsecured Personal Loan profile.

SocietyOne Australia Pty Limited ACN 151 627 977 holds Australian credit licence no. 423660. Credit is subject to SocietyOne’s standard terms and conditions and lending criteria. Credit scores provided by SocietyOne Services Pty Ltd ACN 609 495 409.