SocietyOne
From Wikipedia, the free encyclopedia
SocietyOne is an Australian peer-to-peer lending company.[2]
| Industry | Peer-to-peer lending |
|---|---|
| Founded | 6 August 2011 |
| Founders | Andy Taylor, Matt Symons, Greg Symons |
| Headquarters | Sydney, Australia |
Key people |
|
| Products | unsecured personal loans, secured livestock loans |
Number of employees | 89 (2018)[1] |
| Website | www |
History
Based on UK peer-to-peer lending businesses such as Zopa and Ratesetter, SocietyOne was founded in August 2011 by Andy Taylor, Matt Symons, and Greg Symons.[3] In March 2016, Jason Yetton was hired as CEO; he was succeeded in the role by Mark Jones in July 2018.[4][5]
Finance
In the third quarter of 2017, it was reported that a total of over $350 million had been borrowed on Society One’s platform since 2012.[6] As of June 30, 2018, that number reached $465 million, and the total valuation of the lending book reached $218 million.[5] Despite its growth, Society One is expected to need a $500 million lending book to start breaking even.[7]
