Founder David Doust Products Financial Services Founded 2006 | Area served Australia Headquarters Ballarat, Australia Number of employees 18 | |
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Key people Anthony Nantes, David Doust, John Nantes Stock price DM1 (ASX) A$ 0.06 0.00 (0.00%)7 Mar, 3:05 PM GMT+11 - Disclaimer Subsidiaries Undacar Parts (Tas) Pty Ltd. | ||
DirectMoney is an Australian Marketplace Lender offering peer to peer lending services. It is known for being the first company of its type to publicly list in Australia.
Contents
History
Founded in 2006, the company did not begin operating until October 2014, and had originated $6m in personal loans by March 2015. Seed funding of $500,000 was provided by Eaglewood Capital Management and Liberum in May 2014.
Initial funding of loans came through wholesale investment raising, with retail investors being allowed to invest in the platform in late May 2015 from a minimum amount of $50,000.
Listing
On July 13, 2015 DirectMoney listed on the Australian Securities Exchange through a reverse takeover of Basper Ltd, raising $AU11.2m at 20c per share.
References
DirectMoney Wikipedia(Text) CC BY-SA