invested so far$143,690,910

UCG TRUST is planning to open the sixth lending platform in Australia.

sixth lending platform in Australia

The decision was made due to the fact that Australia is the third largest lending marketplace for small businesses after the United States and UK

Australian Government welcomes the announcement by the Australian Securities and Investments Commission (ASIC) that its FinTech regulatory sandbox is open for business. The regulatory sandbox will enable eligible FinTech businesses to test innovative financial services without facing the costs of regulatory licensing and will reduce the time to get their services to market.

Peer-to-peer lending marketplaces will issue billions of dollars of loans this year.

Lending Marketplaces

Peer-to-Peer (P2P) lending companies connect investors with businesses or individuals that want to borrow money. By using technology to cut out traditional middlemen like banks and brokers, P2P lenders can reduce costs for borrowers and give investors a good return on their money. Heralded as a lending solution for growing businesses, P2P lenders can help SMEs that may struggle to get a loan from a traditional institution.

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