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Digital disruptors already impacting Australian SME lending

Digital disruptors already impacting Australian SME lending

Tech innovators are making serious inroads into the Australian commercial lending and residential property markets.

Following its entry into the Australian credit space in December, peer-to-peer lending platform ThinCats Australia has partnered with over 150 lenders, 80 finance brokers and has generated a strong pipeline of SME loans.

The online lending platform connects wholesale investors with small and medium sized business borrowers across Australia, capturing a customer segment not optimally serviced by bank and non-bank financial institutions. Lenders benefit through higher returns and diversification, and borrowers reduce their borrowing costs.

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