Login or request a free trial

Fair Go Finance changes hands

International fund manager Skybound Capital has paid A$20 million to take a 60 per cent stake in local fintech Fair Go Finance, purchasing the majority holding from Frankfurt-listed MyBucks SA.Skybound, which has $1.5 billion of funds under management, said in a media release that it plans to increase its exposure to the Australian consumer credit market.Fair Go Finance is an online consumer credit provider. Founded in 2008, it lends up to $10,000 for terms of up to 18 months, with rates starting at 15 per cent.It specialises in debt consolidation, "bad debt loans", rental bond loans and small loans.

I'm a returning subscriber

Password reset
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day