SocietyOne is Australia’s first and leading marketplace lender
We do things differently! Finding investors who are looking to get great returns and are proud that their investments are supporting real people, then through our lending platform, matching the investors’ funds with 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 our investors funds with over 24,000 customers and 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 grow, recently passing $600 million in lending and now have a goal of reaching $1 billion in lending by 2020.
At our core we’re fiercely customer focused. 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”.
What we focus on more than anything else are our customers. They are what drives us and inspire our innovations, they give us motivation to turn up and continuously deliver a superior customer experience.
We open for business as Australia's first marketplace lender
We’re voted "Best of Show" at Finovate Asia 2012 for our application technology
Our loan book reaches $1 million
Our loan book doubles! We’re now at $2 million
We launch our pioneering secured livestock loans in partnership with Ray White Rural
Westpac Group's Reinventure Fund invests $5 million as part of our Series A capital raising and becomes a major shareholder
Lending doubles again, reaching $4 million
We welcome Australian Capital Equity, Consolidated Press Holdings and News Corp Australia as shareholders after our successful Series B $20 million capital raising
A great start as we pass $20 million in funded loans
We partner with Veda (now Equifax), to promote getcreditscore.com.au and offer credit scores for free
KPMG and H2 Ventures ‘Fintech 100 report’ names us as the 37th top financial technology company in the world
Jason Yetton is appointed CEO, taking over from co-founder Matt Symons
We break through the $100 million barrier of loans funded, a record for an Australian marketplace lender
We raise a further $25 million in capital from existing and new shareholders, making a total of $55 million since early 2014
Total originations reach $200 million since our beginning, another record for lending
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
We celebrate our fifth birthday since we started operating in 2012, having helped more than 13,000 customers with $325 million provided in loans by our investor funders.
A triple milestone for our third quarter of this year with $350 million in total lending since inception, a current loan book of $200 million and 2017 already beating 2016’s total for loans written.
We raise $7.75 million in capital and pass $400 million in originations
We launch our new broker channel
We launch our own credit scorecard, improving our assessment of applications
We launch our first integrated marketing campaign ‘When it Happens’ and reached a record $500 million in originations
Our new and improved application form goes live, making applications faster and easier for customers.
We reach $600 million in originations and launch whole loan funding for large investors. SocietyOne took home two awards, receiving the big award of the night Fintech Business Excellence Award (Company) and Lending Innovator of the Year.
We launch a unit trust for smooth investor returns.