Startup · $26m raised
Melbourne, VIC
Every investor coverage indicates participated in a round Symple Loans raised.
| Investor | Rounds | Invested |
|---|---|---|
| Costa Asset Management | Series C | - |
| Welas Investment Fund | Series C | - |
The transaction that ended Symple Loans's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Latitude | Acquisition | 10 Aug 2021 | $200m | Australian FinTech (Wed 9 Feb 2022), Startup Daily, Australian FinTech (Thu 28 Oct 2021), Australian FinTech (Tue 10 Aug 2021) |
Companies Symple Loans acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Symple Loans. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
KPMG's half-yearly fintech report finds Australian fintech funding rebounded in 2021, recapping local raises, listings and acquisitions alongside record global deal figures and a bullish outlook for 2022.
KPMG's Fintech Landscape 2021 counts 718 active Australian fintechs and highlights record corporate M&A, including NAB buying 86 400, Latitude buying Symple Loans and Square's pending Afterpay takeover.
ASX-listed lender Latitude plans a $200 million shares-and-cash deal for Melbourne lending fintech Symple Loans, whose founders previously raised a $15 million Series D; Latitude itself listed in April after a $200 million raise.
ASX-listed lender Latitude has agreed to buy Melbourne personal-lending fintech Symple Loans for $200 million in shares and cash, pending regulatory approval, with Symple becoming Latitude's lending platform.
Cut Through Venture's debut quarterly newsletter rounds up Q1 2021 raises across Australian and New Zealand startups, highlighting crowdfunding, fintech dominance, active investors, and two newly launched startups currently seeking backers.
A weekly roundup reporting fresh raises by Deferit, Karbon, VendorPanel, Symple and Thrive, plus Klarna's US$1 billion round at a US$31 billion valuation.
Melbourne consumer lender Symple Loans has closed a $15 million Series D round, lifting total capital raised beyond $130 million, following an $11 million Series C in 2020 and a broker partnership with AFG.
Symple Loans has closed an $11 million Series C round led by existing shareholders, with new investors Costa Asset Management and Welas Investment Fund, to fund growth and cut loan capital costs.
Also Australian FinTech
Marketplace lender Symple Loans plans cheap loans for creditworthy borrowers using comprehensive credit reporting, after raising $10 million and opening its personal loan book; its co-founders previously worked in personal lending at ANZ.