back to insights

RateSetter secures $150m funding boost – The Australian

RateSetter Australia has sealed a new $150m funding facility to ramp up its car loan operations, as the peer-to-peer lender seeks to accelerate its growth plans and explores joining the ASX this year.

The new warehouse funding was secured through National Australia Bank, an undisclosed international bank and domestic investor, giving RateSetter capacity to step up in secured auto loans. “I see an enormous growth opportunity in auto finance,” chief executive Daniel Foggo said. “It’s a profitable segment with some really good dynamics.”

Related Articles

Venture Capital: Our Partnership with QIC's Venture Capital Development Fund

We are excited to continue our commitment backing quality B2B SaaS businesses in QLD

READ MORE

Five V invests in Fat Zebra

We're proud to announce our eighth Fund IV investment into the digital payments sector

READ MORE

Our Commitment to Community: Introducing our Charitable Partners

We are excited to announce our charitable commitments in FY24

READ MORE