Credi news and media releases

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Credi’s Tim Dean joins Fintech Australia board

Stone & Chalk head to lead FinTech Australia board

The not-for-profit organisation representing Australian fintechs has elected Alan Tsen as chair of the board.

Mr Tsen, who leads fintech co-working community Stone & Chalk Melbourne, replaces the retiring chair, MoneyPlace CEO Stuart Stoyan, who had taken on the role at the start of the year following the departure of FinTech Australia founder Simon Cant.

Along with Mr Stoyan, FinTech Australia said that Natalie Dinsdale, Lucy Lui and Jack Quigley are also departing.

The board of directors now include Mr Tsen, Tim Dean, Emma Weston, Luke Howes, Paul King, Melissa Mack, Niels Maartens, Lauren Capelin and Carla Harris.

The lobby group claims that, with a ratio of four women to five men on the board, it has “exceeded” its gender diversity requirements.

FinTech Australia last month announced the appointment of Uber’s former head of public policy and government relations, Brad Kitschke, who replaced Danielle Szetho.

At the time, the organisation said that one of Mr Kitschke’s priorities as CEO will be to drive FinTech Australia’s advocacy to introduce an open banking regime, which will require banks to provide customers and third parties with access to customer data where permitted.

The new CEO also said in May that he will be promoting the nation’s fintechs, which have grown from 100 companies in 2014 to nearly 700 by the middle of 2017, as “genuine” alternatives to major industry players, especially after damning revelations of inappropriate conduct during the financial services royal commission.

 

Source:https://www.mortgagebusiness.com.au/breaking-news/12360-stone-chalk-head-to-lead-fintech-australia-board

NOTE: The views and opinions expressed here are mine and do not necessarily represent or reflect the views of Credi Pty Ltd.

Credi Pty Ltd (Credi) is not a bank, provider of legal advice or a financial lender.

Credi only provides a platform that allows friends, family and third parties to originate, negotiate and conclude loan agreements amongst themselves.

Credi does not provide legal advice, monitor or assess, agree, approve or decline any loan requests nor does the platform perform any funds transfer services.

Credi is not a law firm or legal practise, is not engaged in a legal practise and Credi does not act as lawyers or provide a legal service.

Nothing on this site should be considered is legal advice and you should consult a lawyer in your area to get specific legal advice and certainty of your legal rights and obligations.

The use of the Credi platform is governed by Credi’s Terms of Use.

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May 2018

Credi May 2018 Stats

Credi, the platform for managing your loan agreements, had a great May 2018.

May saw us reach $68,909,298 AUD loan agreements formalised and managed. With $16,551,776 of these being active/live loan agreements.

We also saw a 4.6% increase in our total user base to 3836.

https://dashboard.credi.com/#/signup?ref=cpw-blog

 

What is Credi Partner?

Credi Partner enables finance professionals to enhance the service they provide to their clients in a smart and cost effective manner by streamlining the administration of client’s loan agreements. Loan types include:

  • Standard – a basic loan agreement one borrower and one lender
  • Division 7A – loans made by private companies to their shareholders
  • Secured – loans secured by an asset other than real property (e.g. company assets, motor vehicles, boats etc.)

Introduce us to your accountant?

partners@credi.com

 

 

 

NOTE: The views and opinions expressed here are mine and do not necessarily represent or reflect the views of Credi Pty Ltd.

Credi Pty Ltd (Credi) is not a bank, provider of legal advice or a financial lender.

Credi only provides a platform that allows friends, family and third parties to originate, negotiate and conclude loan agreements amongst themselves.

Credi does not provide legal advice, monitor or assess, agree, approve or decline any loan requests nor does the platform perform any funds transfer services.

Credi is not a law firm or legal practise, is not engaged in a legal practise and Credi does not act as lawyers or provide a legal service.

Nothing on this site should be considered is legal advice and you should consult a lawyer in your area to get specific legal advice and certainty of your legal rights and obligations.

The use of the Credi platform is governed by Credi’s Terms of Use.

‘Bank of Mum and Dad’ – equal to £5.7bn mortgage lender

Research suggests that ‘Bank of Mum and Dad’ will be behind more than one in four home purchases. As cash-poor children fail to find £18,000 deposit. Parents are starting to feel the strain as the average contribution has fallen from £21,600 last year to a projected £18,000 in 2018.

Read more: www.dailymail.co.uk

Credi empowers ‘The Bank of Mum and Dad’

Seamlessly managing your loan agreements avoiding potential disputes. Create loan agreements in under 5 minutes with friends, family or colleagues. Notifications are automatically sent to the borrower when repayments are overdue, forgiven, cleared or failed. Sign up for Credi.

NOTE: The views and opinions expressed here are mine and do not necessarily represent or reflect the views of Credi Pty Ltd.

Credi Pty Ltd (Credi) is not a bank, provider of legal advice or a financial lender.

Credi only provides a platform that allows friends, family and third parties to originate, negotiate and conclude loan agreements amongst themselves.

Credi does not provide legal advice, monitor or assess, agree, approve or decline any loan requests nor does the platform perform any funds transfer services.

Credi is not a law firm or legal practise, is not engaged in a legal practise and Credi does not act as lawyers or provide a legal service.

Nothing on this site should be considered is legal advice and you should consult a lawyer in your area to get specific legal advice and certainty of your legal rights and obligations.

The use of the Credi platform is governed by Credi’s Terms of Use.

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Budget 2018 leaves “Bank of Mum and Dad” to help first-time buyers

Cpule use bank of mum and dad to buy first house

With over 50% of first-time buyers getting support from ‘The Bank of Mum and Dad’ , a number of parents were looking to the budget to help shoulder the financial cost of helping their children get into the housing market.

Read more

NOTE: The views and opinions expressed here are mine and do not necessarily represent or reflect the views of Credi Pty Ltd.

Credi Pty Ltd (Credi) is not a bank, provider of legal advice or a financial lender.

Credi only provides a platform that allows friends, family and third parties to originate, negotiate and conclude loan agreements amongst themselves.

Credi does not provide legal advice, monitor or assess, agree, approve or decline any loan requests nor does the platform perform any funds transfer services.

Credi is not a law firm or legal practise, is not engaged in a legal practise and Credi does not act as lawyers or provide a legal service.

Nothing on this site should be considered is legal advice and you should consult a lawyer in your area to get specific legal advice and certainty of your legal rights and obligations.

The use of the Credi platform is governed by Credi’s Terms of Use.

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CEO Tim Dean live on Channel 9 News

 

Formalise loan agreements with Credi

If you have a business associate, friend or family member who you would like to lend to or borrow from, you can use Credi to document the process.

 

NOTE: The views and opinions expressed here are mine and do not necessarily represent or reflect the views of Credi Pty Ltd.

Credi Pty Ltd (Credi) is not a bank, provider of legal advice or a financial lender.

Credi only provides a platform that allows friends, family and third parties to originate, negotiate and conclude loan agreements amongst themselves.

Credi does not provide legal advice, monitor or assess, agree, approve or decline any loan requests nor does the platform perform any funds transfer services.

Credi is not a law firm or legal practise, is not engaged in a legal practise and Credi does not act as lawyers or provide a legal service.

Nothing on this site should be considered is legal advice and you should consult a lawyer in your area to get specific legal advice and certainty of your legal rights and obligations.

The use of the Credi platform is governed by Credi’s Terms of Use.

ABC interviews the principal of Digital Finance Analytic about ‘The Bank of Mum and Dad’

The principal of Digital Finance Analytics discusses with ABC News ‘The Bank of Mum and Dad’ financing home loans across the country. As new figures were released this week. Now the country’s 10th largest lender. ‘The Bank of Mum and Dad’ is around $20 billion worth.

Listen to the interview 

Empowering ‘The Bank of Mum and Dad’

Credi is an efficient, cost-effective means of formalising loan agreements between family members, friends and businesses. It can reduce potential stress and heartache. Spend less time worrying you can create custom agreements in under 5 minutes.

 

What is Credi Partner?

Credi Partner is a comprehensive loan management system, adding to the Credi suite. Quickly create and manage formal loan agreements on the Credi Partner platform on your client’s behalfenquire now

NOTE: The views and opinions expressed here are mine and do not necessarily represent or reflect the views of Credi Pty Ltd.

Credi Pty Ltd (Credi) is not a bank, provider of legal advice or a financial lender.

Credi only provides a platform that allows friends, family and third parties to originate, negotiate and conclude loan agreements amongst themselves.

Credi does not provide legal advice, monitor or assess, agree, approve or decline any loan requests nor does the platform perform any funds transfer services.

Credi is not a law firm or legal practise, is not engaged in a legal practise and Credi does not act as lawyers or provide a legal service.

Nothing on this site should be considered is legal advice and you should consult a lawyer in your area to get specific legal advice and certainty of your legal rights and obligations.

The use of the Credi platform is governed by Credi’s Terms of Use.

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Majority First-home buyers now use ‘Bank of Mum and Dad’ according to domain.com.au

The majority of first home buyers now borrow from the ‘The Bank of Mum and Dad’. Accounting for more than $20 billion in property loans after shooting 25 per cent higher in the past year.

Read Article 

Source: www.domain.com.au

Want to take the stress out of lending to friends or family?

Credi empowers ‘The Bank of Mum and Dad seamlessly managing your loan agreements avoiding potential disputes.

 

 

NOTE: The views and opinions expressed here are mine and do not necessarily represent or reflect the views of Credi Pty Ltd.

Credi Pty Ltd (Credi) is not a bank, provider of legal advice or a financial lender.

Credi only provides a platform that allows friends, family and third parties to originate, negotiate and conclude loan agreements amongst themselves.

Credi does not provide legal advice, monitor or assess, agree, approve or decline any loan requests nor does the platform perform any funds transfer services.

Credi is not a law firm or legal practise, is not engaged in a legal practise and Credi does not act as lawyers or provide a legal service.

Nothing on this site should be considered is legal advice and you should consult a lawyer in your area to get specific legal advice and certainty of your legal rights and obligations.

The use of the Credi platform is governed by Credi’s Terms of Use.

Financial Review reports 25% increase in lending by ‘The Bank of Mum and Dad’

‘The Bank of Mum and Dad’ is reported  to in increase lending  by 25% to $20 billion in the past 12 months due to banks’ raising rates.

Read Article 

Source: http://www.afr.com/

Credi empowering ‘The Bank of Mum and Dad’

Lending to family or friends? Credi.com empowers ‘The Bank of Mum and Dad’. It is an efficient, cost-effective means of documenting loan agreements between family members, friends and businesses. Reducing potential stress and heartache.

 

NOTE: The views and opinions expressed here are mine and do not necessarily represent or reflect the views of Credi Pty Ltd.

Credi Pty Ltd (Credi) is not a bank, provider of legal advice or a financial lender.

Credi only provides a platform that allows friends, family and third parties to originate, negotiate and conclude loan agreements amongst themselves.

Credi does not provide legal advice, monitor or assess, agree, approve or decline any loan requests nor does the platform perform any funds transfer services.

Credi is not a law firm or legal practise, is not engaged in a legal practise and Credi does not act as lawyers or provide a legal service.

Nothing on this site should be considered is legal advice and you should consult a lawyer in your area to get specific legal advice and certainty of your legal rights and obligations.

The use of the Credi platform is governed by Credi’s Terms of Use.

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Couple loses £90,000 in what they thought was a loan to their daughter

Fomarlise a loan online with Credi empowering The Bank of Mum and Dad

A misunderstanding in loan terms causes a rift at the bank of Mum and Dad .
Read article

Source: dailymail.co.uk

Formalise a loan agreement with Credi

Credi.com is a world-first relationship-lending platform that empowers ‘The Bank of Mum and Dad’. It is an efficient, cost-effective means of formalising loan agreements between family members, friends and businesses. Credi is a web-based app specially designed to allow you to create, manage and automate your personal lending with friends, family members and business acquaintances. Credi does not lend money, it is simply the software that helps you manage and formalise your lending and borrowing with another party. Reducing potential stress and heartache.

NOTE: The views and opinions expressed here are mine and do not necessarily represent or reflect the views of Credi Pty Ltd.

Credi Pty Ltd (Credi) is not a bank, provider of legal advice or a financial lender.

Credi only provides a platform that allows friends, family and third parties to originate, negotiate and conclude loan agreements amongst themselves.

Credi does not provide legal advice, monitor or assess, agree, approve or decline any loan requests nor does the platform perform any funds transfer services.

Credi is not a law firm or legal practise, is not engaged in a legal practise and Credi does not act as lawyers or provide a legal service.

Nothing on this site should be considered is legal advice and you should consult a lawyer in your area to get specific legal advice and certainty of your legal rights and obligations.

The use of the Credi platform is governed by Credi’s Terms of Use.

March 2018

Credi Monthly Stat image March 2018

Credi, the platform for managing your loan agreements, had a great March 2018.

March saw us reach $57,840,697 AUD loan agreements formalised and managed. With $13,306,168 of these being active/live loan agreements.

We also saw a 35% increase in our total user base to 3546, largely attributed to our global expansion.

Credi Partner Australian Launch

March also saw the Australian launch of Credi Partner at ABE18 in Sydney.

Credi Partner empowers accountants, bookkeepers and finance professionals to create and manage loan agreements for their customers, streamlining the administration of customer loan agreements and providing detailed analytics for loan activity and reporting. Credi Partner enables finance professionals to create and manage a variety of loans, including:

  • Standard – a basic loan agreement one borrower and one lender
  • Division 7A – loans made by private companies to their shareholders
  • Secured – loans secured by an asset other than real property (e.g. company assets, motor vehicles, boats etc.)

Find out more about Credi Partner.

Credi is currently offering a $5,000 partner account credit to help your business manage customer loan agreements, but hurry this offer is strictly limited – apply now.

Stay tuned for next months stats and features and remember it’s easy to formalise and manage loans between friends, family and colleagues. Simple head to the sign-up page and create a free account. And as always, loan agreements under $2000 are free.

 

Open your Free account

 

NOTE: The views and opinions expressed here are mine and do not necessarily represent or reflect the views of Credi Pty Ltd.

Credi Pty Ltd (Credi) is not a bank, provider of legal advice or a financial lender.

Credi only provides a platform that allows friends, family and third parties to originate, negotiate and conclude loan agreements amongst themselves.

Credi does not provide legal advice, monitor or assess, agree, approve or decline any loan requests nor does the platform perform any funds transfer services.

Credi is not a law firm or legal practise, is not engaged in a legal practise and Credi does not act as lawyers or provide a legal service.

Nothing on this site should be considered is legal advice and you should consult a lawyer in your area to get specific legal advice and certainty of your legal rights and obligations.

The use of the Credi platform is governed by Credi’s Terms of Use.