DirectMoney Receives Institutional Funding for Marketplace Lending in Australia

DirectMoney, an online lender in Australia, has received institutional funding to help it continue originating loans for the next 12-24 months; the funding follows the appointment of new CEO, Anthony Nantes on October 5; full terms of the deal and details on the institutional partnership were not disclosed by the source and appear to be available only to the platform’s shareholders.  Source

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