SocietyOne, a Sydney, Australia-based Peer-to-Peer lender, closed an $8.5m Series A funding round.
Backers included Australian venture capital fund Reinventure, Munich-based Global Founders Capital (GFC), Justin Reizes and a number of existing investors.
The company intends to use the funds to accelerate its growth in Australia
Co-founded by Matt Symons, CEO, and Greg Symons, SocietyOne uses a proprietary technology platform to cut out complexity and cost associated with traditional banking and connect creditworthy borrowers who look for better priced credit with investors who look for better rates of return.
FinSMEs
06/03/2014