As it becomes tougher to borrow from traditional sources like banks and credit unions, more and more Aussies are considering alternatives like peer-to-peer lending. How are fintech firms in this space challenging established institutions, and why are some people still wary of this form of finance?
Dennis Graham is the senior relationship manager at financial comparison site BestFind.com.au and an advisor for the BlueChilli start-up accelerator group. He was previously a digital marketing manager at online marketplace lender RateSetter Australia.
Michael Phillipou is the founder of loans marketplace Lodex, an avowedly agnostic exchange meant to let financial services providers approach consumers and compete for their loans or deposits. He's also the chief editor and co-founder of cryptocurrency outlet CryptoTechNews and a former manager for two Aussie banks, Westpac and Bendigo.
David Wilson is an APAC-based travel and tech specialist whose experience in journalism spans two decades. His stories have run everywhere from the South China Morning Post to Slate and The New York Times. In his spare time, he does strength training and hangs out with cats.
