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Australian Anthill feature: Powering the bank of Mum and Dad Internationally

powering the bank of mum and dad internationally

This August Credi was featured in Australian Anthill, where the online publication highlighted our capital raising efforts to raise *correction* $500 thousand, to power the bank of Mum and Dad internationally.

Anthill has mentioned Credi’s work with Wholesale Investor to raise these funds through targeting sophisticated Australian investors. The funds will help Credi introduce our platform to international markets, in particular, the United States, the United Kingdom and New Zealand.

Tim Dean, Credi’s CEO mentions “Credi’s success in Australia has surpassed all of our expectations. Since our launch in April, we now have over a thousand users putting through $28 million of loans on our platform. This success has given us the confidence to go to market and raise the capital we need to accelerate our global rollout, across the Tasman and then Europe and America.”

Anthill goes on to further mention how the platform works and what it can be used for, then summarises by highlighting Credi’s overall growth which will aid in powering the bank of mum and dad internationally.

Read the article in full by clicking the link below

Credit: Anthill Magazine

Source: anthillonline.com/

 

 

Dad ATM cartoon by Zits: Scott and Borgman

Have you ever experienced this? What a great cartoon by Zits’ Scott and Borgman, this sure looks like the bank of Mum and Dad and its own Dad ATM service.

 

Dad ATM comic

 

Source: Zits Jim Borgman and Jerry Scott on thecartoonstrips.com

 

 

 

First Home Buyers Worry About Finances Even With The Help of BOMAD

First home buyers

A new survey from the Canada Mortgage and Housing Corporation (CMHC) shows that first home buyers still worry about their finances even after receiving support from family for a down payment on a home. 18% of first time home buyers shared that their down payment included a gift from family. These individuals who’ve received help from family further said they felt less comfortable with their mortgage debt and were unsure of where to turn if ever in financial trouble.

The Bank of Mum and Dad are a large contributor to the property market and are a significant lender to first-time buyers. However, can BOMAD really make a difference when there’s a broken housing market and now a change in mortgage rules?

Credit: CBC News

Source: www.cbc.ca

 

 

Sacrifices millennials would make to own a home Cartoon

This awesome graphic highlights the sacrifices millennials would make to own a home. If you were a first-time buyer, what would you give up to own a home?

Sacrifices Millennials would make in order to own a home

Source: HSBC

 

 

 

Bank of Mum and Dad – RateCity on Nine News

Nine News reported live in 2015 about the impact of the Bank of mum and dad at the time. Rate City representative Sally Tindall spoke of the issue of getting a foothold in the current market and the extreme difference in incomes between generations and housing affordability at the time. Overall Nine News established that more young people are relying on the bank of mum and dad to get into the property market.

Credit: Nine News

Source: Nine News and Youtube