SocietyOne: Difference between revisions
(Created page with " '''= social lending platform in Australia''' URL = http://societyone.com.au/about =Description= About Us - Social Lending - SocietyOne "Society One is Australia's first ...") |
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About Us - Social Lending - SocietyOne | About Us - Social Lending - SocietyOne | ||
" | "SocietyOne is Australia's first fully compliant peer-to-peer online platform – connecting borrowers and investors in a secure, safe, professional online environment. | ||
SocietyOne Australia Pty Ltd (ACN 151 627 977) ("SocietyOne") is an Australian private company and holder of an Australian Credit License No. 423660. SocietyOne is an authorised representative, AFS Representative No. 425717 of Ironbark Asset Management Pty Ltd (ACN 136 679 420) being the holder of an Australian Financial Services Licence No. 341020. | SocietyOne Australia Pty Ltd (ACN 151 627 977) ("SocietyOne") is an Australian private company and holder of an Australian Credit License No. 423660. SocietyOne is an authorised representative, AFS Representative No. 425717 of Ironbark Asset Management Pty Ltd (ACN 136 679 420) being the holder of an Australian Financial Services Licence No. 341020. | ||
Revision as of 23:59, 21 May 2013
= social lending platform in Australia
URL = http://societyone.com.au/about
Description
About Us - Social Lending - SocietyOne
"SocietyOne is Australia's first fully compliant peer-to-peer online platform – connecting borrowers and investors in a secure, safe, professional online environment.
SocietyOne Australia Pty Ltd (ACN 151 627 977) ("SocietyOne") is an Australian private company and holder of an Australian Credit License No. 423660. SocietyOne is an authorised representative, AFS Representative No. 425717 of Ironbark Asset Management Pty Ltd (ACN 136 679 420) being the holder of an Australian Financial Services Licence No. 341020.
SocietyOne is the trustee of the SocietyOne P2P Lending Trust ("Fund"). The Fund is currently an Australian wholesale unregistered managed investment scheme and is not currently registered with the Australian Securities & Investments Commission ("ASIC").
Until the Fund is registered with ASIC, all investors in the Fund must be wholesale clients as defined in the Corporations Act 2001 (Cth). Unless specifically agreed with SocietyOne, SocietyOne will only accept loan applications and applications to invest from Australian-resident persons. Investors in the Fund hold interests in accordance with the Fund's Constitution. Loan contracts entered into by successful borrowers are made with SocietyOne as trustee for the Fund.
SocietyOne licenses and operates ClearMatch™ technology and has invested over $6million in the proven loans platform, which delivers a new level of empowerment and control for both the Borrower and Investor.
SocietyOne revolutionises the consumer finance industry, delivering borrower interest rates matching credit profiles and providing investors with the opportunity to invest in this asset class. This means lower interest rates for low risk borrowers and higher rates of return for Australian investors.
SocietyOne handles the funds management and servicing of every loan on behalf of the matched borrowers and investors. Stringent procedures and processes ensure a secure, safe lending environment." (http://societyone.com.au/about)