Updates11 November 20164 minute read

The 2016 Year in Review

Happy birthday to us! Here's an overview of some of our proudest moments so far.

  • Paying our investors every cent of principal and interest due, with total interest paid amounting to over $2.9m
  • Signing up over 4,850 everyday retail and SMSF investors
  • Achieving exponential growth, with our first $1m funded in February 2015, passing $10m in September 2015 and $50m in July 2016, with each milestone achieved in record time for Australian consumer lending
  • Introducing Carsales.com and Stratton as strong and supportive shareholders and commercial partners in March 2014
  • Being awarded Canstar’s coveted 5-star award for outstanding value for our unsecured personal loans two years in a row
  • Our CEO Daniel Foggo being named FinTech Leader of the Year and Glenn Riddell being named CTO/CIO of the Year at the inaugural FinTech Australia awards in June 2016, a great reflection on the strength and growth of Plenti
  • Opening up consumer lending to retail investors, being the first platform to gain a consumer lending financial services licence from ASIC
  • Being the first lender to allow borrowers to view an indicative loan interest rate based on their credit file, but without negatively impacting their credit score
  • Being the first lender to release its loan book publicly, allowing investors and regulators to fully understand its business activities and credit performance
  • Being the first lender to share comprehensive credit data with other lenders, and hence helping to introduce greater competition to our loan markets
  • Being the only lending platform to allow investors to participate with as little as $10, and for as short a term as one month
  • Launching as the first and remaining the only lender to have a Provision Fund to help protect investors from defaults, helping to make lending simpler and safer for investors
  • Launching the only lending marketplace that allows investors to specify any rate of return they wish to receive
  • Being the only consumer lender to facilitate loans to both consumers and Australian businesses

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Written byBen Milsom
Ben co-founded Plenti in 2014 and has diverse experience in financial services and online strategy, well-practised in high-growth digital ventures.