2 minute read
OnDeck Prime Capital UDC Finance
AUSTRALIAN ADI
NO TYPE OF LENDING UNSECURED SME SIZE OF LENDING BOOK NOT DISCLOSED PROPORTION OF SECURITISATION PORTFOLIO IN CONTACT ISSUER COVID-19 PAYMENT RELIEF YEAR OF ESTABLISHMENT 2015
OnDeck 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 TYPE OF LENDING COMMERCIAL MORTGAGE SIZE OF LENDING BOOK A$400M PROPORTION OF SECURITISATION PORTFOLIO IN COVID-19 PAYMENT RELIEF AT 0% 16 DEC 2020 YEAR OF ESTABLISHMENT 1997
Prime 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.
AUSTRALIAN ADI
NO CONSUMER AUTO TYPES OF LENDING LOANS, SME EQUIPMENT LOANS SIZE OF LENDING BOOK NZ$3.3BN PROPORTION OF SECURITISATION PORTFOLIO IN CONTACT ISSUER COVID-19 PAYMENT RELIEF YEAR OF ESTABLISHMENT 1937
UDC 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:
Jerry Yohananov
www.ondeck.com.au
◆ please contact:
Christopher Tagle
Linh Ngo
www.primecapital.com
◆ please contact:
Mark de Ree
Head of Treasury +64 9 952 7146 mark.deree@udc.co.nz
