Mitchell Atkins,31,is desperately trying to save his “$1 billion” business empire and reputation. But the corporate watchdog,liquidators and disgruntled investors say the money is missing.
The peer-to-peer lending trend has not lived up to the hype but ASX-listed fintech Plenti believes the model could still have a viable future.
Plenti chief executive Daniel Foggo says the lender is on track to keep eating into the banks’ share of the personal and automotive loan markets.
SocietyOne,which counts Rupert Murdoch,s News Corp,Kerry Stokes’ Seven West Media and James Packer’s Consolidated Press among its backers,is eyeing an IPO.
Digital lender Plenti is hoping to cash in on major players retreating from the car loan market as it aims to raise $55 million from investors.
As interest rates drop to record lows,investors are looking for new ways to maintain their retirement incomes
A play against the banks by three of Australia's media billionaires is yet to deliver juicy returns.