Symple Loans

Symple Loans is an Australian consumer fintech lending company promising "Better, faster, easier, and more affordable personal loans." Founded in 2018 by Bob Belan and Paul Byrne, both seasoned banking executives, the company stands out with its state-of-the-art online lending platform. Symple prides itself on providing unsecured personal loans quickly and efficiently, enabling cost-saving measures that translate into competitive interest rates starting at just 5.75% p.a. (comparison rate of 6.47% p.a.). The founding executives' extensive local and global experience in managing large-scale consumer and small business lending businesses contributes to Symple's strategic advantage. Furthermore, the management team comprises technology, credit risk, and operational risk management specialists with profound expertise in personal lending, both locally and internationally, ensuring robust operational and credit risk strategies. In 2018, Symple obtained an Australian Credit License (No. 509222) from the Australian Securities and Investment Commission (ASIC), positioning the company as a regulated lender complying strictly with Australian lending standards. Notably, the company recently secured a substantial $11.00M Series C investment on 08 December 2019, with backing from Costa Asset Management and Welas Investment Fund. Symple's focus on leveraging technology and expertise to provide affordable loans efficiently aligns with the evolving consumer fintech landscape. The recent large-scale investment solidifies its position in the competitive financial services industry, signifying confidence from prominent investors in the company's vision and capabilities.