More fundamental policies by state and federal governments are required to address poor housing affordability in addition to macroprudential policies, an economist has argued. AMP Capital chief econ
Mortgage Business
WLTH to launch $15m raise, flags expansion By Sarah Simpkins 26 July 2021
Brisbane digital non-bank lender WLTH is set to open a $15-million capital raise, while signalling plans to drive its next scale-up phase and to support an ocean-cleaning initiative.
The new $15-million Series A raise has come off the back of WLTH closing a $3-million seed round, which the lender has said will drive expansion and green efforts.
The lender has plans to use the funding to grow of its proprietary platforms, ahead of the launches of a business payments platform and loyalty program, as well as senior hires.
Non-bank launches $5m capital raise mortgagebusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgagebusiness.com.au Daily Mail and Mail on Sunday newspapers.
Trends in finance and technology accelerated rapidly in 2020 and the fast pace of change is tipped to continue this year and impact the way Australians earn, spend, save and invest. Our personal finances will be affected by the economy, financial markets and the vaccine rollout, according to money specialists, who say some trends are here to stay. Here are seven to keep an eye on. 1 LOWER INCOMES People management platform Employment Hero s head of financial wellness, Ray Jaramis, said Australians would earn less than they did last year. We saw a new record low for wage growth in 2020, which tells us employers simply do not have the same resources or cash available to pay staff the same pay rises and bonuses of previous years, he said.