Nick Jacobs

Eight Aussie startups that raised $36 million this week

Weekly roundup detailing new funding for eight local startups: home lending, document verification, farm water monitoring, alcoholic drinks, freight software, leaf protein, artist content sales and organic bedding, totalling over $36 million.

Also SmartCompany·SmartCompany

Sydney start-up Bridgit has raised $14.6m as it takes on the wealth transfer market

Bridging lender Bridgit has banked a $14.6m equity round through OIF Ventures plus a $125m debt facility, positioning the Surry Hills startup for Australia's looming intergenerational wealth handover.

Also OIF Ventures portfolio·Australian FinTech·Startup Daily·Startup Daily·SmartCompany·Australian FinTech·Australian FinTech

Fintech bridging loan specialist Bridgit hits $1 billion in loan applications

Bridging-loan lender Bridgit reports reaching a billion dollars in loan applications within a year of launching, driven largely by downsizers; the piece also recalls its equity raise and venture debt facility.

Our investment in Bridgit

Investment note announcing the firm's lead of Bridgit's $7.7 million Series A. Covers the bridging-loan fintech's product, traction, market, and founders' backgrounds at Stake, MoneyMe and KPMG.

Bridging finance fintech TechLend hunts fresh funds

OIF's write-up of bridging-loan startup TechLend: a two-month-old lender fielding heavy loan demand, already holding $50 million in venture debt from a Silicon Valley fund, now chasing a larger facility plus equity.

Also Startup Daily·Australian FinTech·Techboard·Australian FinTech

“Afterpay for home loans” launches in Australia

Non-bank lender TechLend has launched in Australia offering interest-free bridging loans to property buyers. Founded by Aaron Bassin and Nick Jacobs, it has received seed investment from Stake's Matt Leibowitz.