Symple Loans logo — Better, faster, easier and more affordable personal loans

Symple Loans

Better, faster, easier and more affordable personal loans

Founded 2018 Australia Australia 4 employees Series C Total: $68.00M Financial Services, Lending and Investments

General Information

Company Name Symple Loans
Founded Year 2018
Location Australia Australia +1
Employees 4
Industries Financial Services, Lending and Investments
Funding Stage Series C
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About Symple Loans

Symple Loans is an Australian consumer fintech lending company promising "Better, faster, easier, and more affordable personal loans." Founded in 2018 by Bob Belan and Paul Byrne, both seasoned banking executives, the company stands out with its state-of-the-art online lending platform. Symple prides itself on providing unsecured personal loans quickly and efficiently, enabling cost-saving measures that translate into competitive interest rates starting at just 5.75% p.a. (comparison rate of 6.47% p.a.). The founding executives' extensive local and global experience in managing large-scale consumer and small business lending businesses contributes to Symple's strategic advantage. Furthermore, the management team comprises technology, credit risk, and operational risk management specialists with profound expertise in personal lending, both locally and internationally, ensuring robust operational and credit risk strategies. In 2018, Symple obtained an Australian Credit License (No. 509222) from the Australian Securities and Investment Commission (ASIC), positioning the company as a regulated lender complying strictly with Australian lending standards. Notably, the company recently secured a substantial $11.00M Series C investment on 08 December 2019, with backing from Costa Asset Management and Welas Investment Fund. Symple's focus on leveraging technology and expertise to provide affordable loans efficiently aligns with the evolving consumer fintech landscape. The recent large-scale investment solidifies its position in the competitive financial services industry, signifying confidence from prominent investors in the company's vision and capabilities.

Taxonomy: consumer lending, personal loans, online lending platform, unsecured loans, low interest rates, credit risk management, regulatory compliance, Australian Credit License, credit scoring, loan comparison, quick loan approval, marketplace lending, credit analysis

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Series C •••••• 2
Investor
•••• ••••
08 Dec 2019
Debt Financing •••••• 1
Investor
24 Sep 2019

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FAQ About Symple Loans

Better, faster, easier and more affordable personal loans
Symple Loans was founded in 2018.
Symple Loans is headquartered in Australia.
Symple Loans operates in the following industries: Financial Services, Lending and Investments.
Symple Loans has approximately 4 employees.
Symple Loans has completed 2 funding rounds, raising a total of $68.00M. The latest funding stage is Series C.
Top alternatives and competitors to Symple Loans include MoneyPlace, RupeePower, IMPYE digital Private Limited, Octant Business Services LLC, IndiaLends. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Symple Loans and MoneyPlace are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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