As a loan origination and investment platform, SocietyOne gives investors access to a pool of consumer loans, a market that until now has been very profitable for the banks. Now you too can diversify your investment portfolio and unlock the benefits of a proven asset class through Peer-to-Peer lending.
Online marketplaces have transformed a range of traditional industries including consumer retail, travel, media and entertainment by empowering consumers and lowering transaction costs. With the emergence of innovative platform technologies and more streamlined online credit assessment services, P2P lenders around the world are seeing considerable success building up high quality portfolios and award-winning reputations for great customer service.
Their goal at SocietyOne is to bring this revolutionary potential to Australia, where banks still dominate the consumer credit market. They want to shake up the consumer finance industry by giving borrowers better rates to match their credit histories whilst providing investors with the opportunity to invest in a profitable asset class.