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Buy now pay later company Sezzle has completed an institutional placement launched last week, raising A$79.1 million of equity capital. read more

Debt buyer Credit Corp expects to report a net profit of A$10-15 million for the year to June – well down on last year’s result. It has suspended auto and small business lending and halved approval ra.. read more

Consumers increasingly prefer online access to their financial services, according to a new survey. They also want better value for money. read more

The value of new housing loan commitments fell 11.6 per cent in May, compared with the previous month – the biggest fall in the history of the ABS series. read more

Neobank 86 400 marked the first anniversary of the granting of its banking licence this week, issuing an update that highlighted a few milestones and sketched out its strategy for the year ahead. read more

Mortgage specialist Firstmac has completed its second issue of residential mortgage-backed securities for the year and this time it has got the deal away with almost no AOFM involvement. read more

Property fund manager and reverse mortgage lender DomaCom has acquired the first asset for use in a new rent-to-own investment product. read more

The Australian Office of Financial Management has put its Australian Business Securitisation Fund investment program on hold, citing challenging conditions in the securitisation market and delays in c.. read more

APRA has made regulatory adjustments to accommodate the banks’ decision to extend their loan deferral periods by another four months. read more

Online consumer lender MoneyMe, which listed on the ASX last December, has issued a market update saying its full-year results will show loan originations and revenue above prospectus forecasts. read more