EMERGING ISSUER PROFILES
ONDECK
PRIME CAPITAL
AUSTRALIAN ADI
NO
TYPE OF LENDING
UNSECURED SME
SIZE OF LENDING BOOK
NOT DISCLOSED
PROPORTION OF SECURITISATION PORTFOLIO IN COVID-19 PAYMENT RELIEF
CONTACT ISSUER
YEAR OF ESTABLISHMENT
2015
O
nDeck is the proven leader in transparent and responsible online lending to small business. Founded in the US in 2006, the company pioneered the use of data analytics and digital technology to make real-time lending decisions and deliver capital rapidly to small businesses online. OnDeck’s proprietary “Koala score” is a sixth-generation, risk-predicting lending model, which has been tailored to the Australian small-business customer using big-data machine learning, AI predictive analytics algorithms and statistical techniques to predict risk more accurately. OnDeck is now part of Enova International and has provided more than US$13 billion in loans to more than 110,000 customers in 700 industries across the US, Canada and Australia. OnDeck commenced operations in Australia in 2015 and is headquartered in Sydney. The company has a five-star rating from Trust Pilot.
AUSTRALIAN ADI
NO
AUSTRALIAN ADI
NO
TYPE OF LENDING
COMMERCIAL MORTGAGE
TYPES OF LENDING
SIZE OF LENDING BOOK
A$400M
CONSUMER AUTO LOANS, SME EQUIPMENT LOANS
SIZE OF LENDING BOOK
NZ$3.3BN CONTACT ISSUER 1937
PROPORTION OF SECURITISATION PORTFOLIO IN COVID-19 PAYMENT RELIEF AT 16 DEC 2020
0%
PROPORTION OF SECURITISATION PORTFOLIO IN COVID-19 PAYMENT RELIEF
YEAR OF ESTABLISHMENT
1997
YEAR OF ESTABLISHMENT
P
rime Capital is one of Australia’s leading independent lenders to the SME sector. Established in 1997, Prime Capital has a proud, 24-year history of supporting businesses with a compelling product range and remarkable customer service. Since 1997, Prime Capital has helped thousands of Australian SMEs by lending more than A$2 billion in fast, simple loans. Prime Capital currently services secured mortgage portfolios of approximately A$400 million, originated exclusively through a network of more than a thousand of the best mortgage brokers in Australia, including more than 65% of the Mortgage Professional Australia Top 100. Prime Capital has offices in Sydney, Melbourne and Brisbane.
◆ please contact:
◆ please contact:
Jerry Yohananov Chief Financial Officer +61 404 420 637 jyohananov@ondeck.com www.ondeck.com.au 116 · Australian Securitisation Journal | Issue 19_2021
UDC FINANCE
Christopher Tagle Financial Controller +61 2 8599 7410 cgt@primecapital.com Linh Ngo Communications Manager +61 2 8599 7422 lkn@primecapital.com www.primecapital.com
U
DC Finance is New Zealand’s largest nonbank lender and has a proud, 80-year history of supporting New Zealand’s productive sector as well as being the dominant finance partner for leading brands and dealer groups in the automotive-finance industry. UDC focuses on providing assetbased, secured finance for vehicles, equipment, plant and machinery to a wide range of New Zealand businesses and consumers. UDC currently has more than 82,000 active borrowers. In September 2020, ANZ sold UDC to Shinsei Bank, Limited of Japan. In conjunction with the sale, UDC established two triple-A rated warehouse facilities, NZ$2.25 billion in total, for the funding of secured auto and equipment loans – a landmark transaction that created New Zealand’s largest nonbank syndicated securitisation programme.
◆ please contact:
Mark de Ree Head of Treasury +64 9 952 7146 mark.deree@udc.co.nz Shane Noone Chief Financial Officer +64 9 952 7233 shane.noone@udc.co.nz www.udc.co.nz
