Business
Lendi braves Plenti of concern to pitch funds – The Australian Financial Review
Talk about a tough day to pitch a fintech IPO contender to potential investors!
Lendi said its transactions were also much more likely to be to refinance an existing loan (82 per cent) than purchase a property, and it was likely that refinancing was replacing a loan taken out directly with a bank. Its customers were also most likely to be in the 40 to 50 age bracket.
While Lendi is the company’s core business, the group also has stakes in two joint ventures; Domain Home Loans, which integrates Lendi’s digitised home loan platform with Domain’s digital property search engin…
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