Neo lender finds a neo way

A new mortgage lender has commenced a series of events to over 1,200 registered attendees. Giving brokers a chance to become owners of the neo lender Australian Mortgage Marketplace.

The neo lender, Australian Mortgage Marketplace has decided to take advantage of new legislation recently given the tick of approval by the Federal Parliament, after more than two years of industry consultations.

Crowd Sourced Funding allows many small investors to invest in small or early stage companies. While equity Crowd Sourced Funding has been available in a number of countries around the world for several years, it has only been available for investors in Australia since January 2018 and legislation extending it to Pty Ltd companies came into effect on 19 October 2018.

Crowd Sourced Funding is a boon for small investors as it allows them to invest in early stage companies pre-IPO and likely at prices well below what would be available in a listed company.

The World Bank is predicting that Crowd Sourced Funding industry will reach US $96 billion a year in developing countries alone by 2025. A report published by Goldman Sachs labelled Crowd Sourced Funding as “potentially the most disruptive of all the new models of finance”.

Taking advantage of this new method of raising equity from an industry crowd, Australian Mortgage Marketplace is a neo lender that’s building a better home loan for exclusive distribution via Mortgage Brokers. They are launching a unique prime product range with personalised interest rates and rapid 15-minute approvals, funded on Australia’s first mortgage securitisation blockchain.

If you’d like to continue reading, read the full article on The Adviser.