Tagged: directmoney

February 13, 2018 @ 9:43 am By Samantha Hurst  |  

Australian marketplace lending platform DirectMoney announced on Tuesday it secured a strategic investment from alternative investment manager Alceon to fund growth and innovation initiatives. According to DirectMoney, the investment will be structured through an initial placement of $600,000 at $0.042 per share (being 14,285,715 new shares), a… Read More

October 24, 2016 @ 10:46 pm By JD Alois  |  

Australian online lender DirectMoney (ASX: DM1) has secured institutional funding for loans originating on its platform, according to the company’s board of directors.   The specific details were not immediately available but reportedly contractual terms on the wholesale institutional loan funding agreement was made with… Read More

October 5, 2016 @ 11:44 am By JD Alois  |  

Australian marketplace lending platform DirectMoney has appointed Anthony Nantes as CEO. Former CEO Peter Beaumont will move into the Chief Operating Officer role. DirectMoney released a statement that Nantes will bring a set of skills that will deliver the next phase of company growth.  DirectMoney… Read More

April 11, 2016 @ 8:58 am By Samantha Hurst  |  

Australian marketplace lender, DirectMoney (ASX:DM1), announced last week that there has been significant growth in new loan originations this past quarter, which ended on March 31st. DirectMoney revealed during the quarter $4.71 million of loans to 219 borrowers were settled, a 48% increase on the prior quarter…. Read More

February 19, 2016 @ 3:18 pm By Samantha Hurst  |  

Australian marketplace lender, DirectMoney, announced that it has sold a total of $5 million of personal loans to Macquarie Group (Macquarie), a provider of financial, advisory, investment and funds management services. According to DirectMoney’s most recent quarterly report the platform held $8.49 million in loans at… Read More

January 30, 2016 @ 9:26 am By JD Alois  |  

Australian marketplace lending platform DirectMoney (ASX:DM1) has posted its Q2 results for the period ending December 21st, 2015.  DirectMoney listed its shares on the ASX just last year in mid-July. The IPO priced out at $0.20/share. The company was launched in 2006 but created a… Read More

March 22, 2015 @ 6:39 pm By JD Alois  |  

Peer to peer lending platform DirectMoney is said to be preparing to publicly trade shares on the Australian Securities Exchange (ASX) within the next eight weeks. If it successfully lists shares it will become the first platform to trade in Australia and one of the… Read More