finder fintech roundup: Spotcap, SocietyOne, Android Pay and bitcoin

Elizabeth Barry 16 October 2017 NEWS


Another provider jumps on board with Android Pay, two fintechs announce impressive growth and bitcoin's value soars.

The news you missed in Australian fintech from the past week.

SocietyOne announces record lending growth in 2017

Australian peer-to-peer lender SocietyOne has already surpassed the level of lending volumes for the whole of 2016, while its current loan book reached $200 million for the first time in its history. Total lending for the company has now reached $350 million for the first time since it first started operating in August 2012.

Global SME lender Spotcap surpasses $180 million in credit issued

Online small business lender Spotcap has announced a new milestone, issuing more than $180 million in its three years of operation. The lender currently operates in five markets including Australia.

28 Degrees credit card now offers Android Pay

A new Australian card issuer has jumped on board the Android Pay bandwagon. 28 Degrees have now allowed its cardholders to make contactless payments using Android Pay. Find out more about the new offering here.

Bitcoin jumps to new US$5,000+ high

After reaching an all-time high back in September, bitcoin has again broken records, cracking the $US5,000 ceiling. This is a jump of 75% in just 30 days.

The finder fintech roundup is a summary of the news in fintech from the past week. Check back every Monday to catch up.
Picture: Shutterstock

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