# SocietyOne Australia

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/societyone-australia-pty

- Industry: Financial Services
- Headquarters: Sydney, Australia
- Website: www.societyone.com.au
- Total disclosed funding: $54M
- Latest round: Series C (Apr 17, 2016)
- Investors on record: 8

## About

Based in Sydney, Australia, and founded in 2012, SocietyOne Australia Pty Ltd is a peer-to-peer lending company founded by Greg Symons. Initially operating as a small online startup, the company has expanded and grown, matching investors' funds with over 35,000 customers, and has passed AUD 1 billion in lending by January 2021. As of April 2021, the company is being led by its CEO, Mark Jones.

The company provides various personal loans, including loans for debt consolidation, home renovation, student loans, car loans, holiday loans, and wedding loans.

The company generates revenue by charging its clients with interest rates based on their credit history.

In April 2021, the company is working with Apollo Global Management to bid for Westpac Banking Corp’s up-for-sale auto loans business. In May 2021, SocietyOne plans to go public.

## Funding rounds

- Series C, Apr 17, 2016, $25M — Reinventure, Consolidated Press Holdings, G&C Mutual Bank, Seven West Media Ltd, News Pty Limited, Maritime, Mining & Power Credit Union Limited
- Series B, Dec 3, 2014, $20M — Reinventure, Consolidated Press Holdings, Australian Capital Equity, News Pty Limited
- Series A, Mar 5, 2014, $8.5M — Global Founders Capital, Reinventure

## Investors

- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Series A
- Reinventure (https://capitalatlas.ai/funds/reinventure) — Series A, Series B, Series C
- Consolidated Press Holdings — Series B, Series C
- Australian Capital Equity — Series B
- News Pty Limited — Series B, Series C
- G&C Mutual Bank — Series C
- Seven West Media Ltd — Series C
- Maritime, Mining & Power Credit Union Limited — Series C