| Founded | 2013 |
|---|---|
| Closed | 2019 |
| Country | Australia |
| Sector | Fintech |
| Collapse type | Slow Death |
| Founder | Stephen Porges |
DirectMoney
"Australia's ASX-listed P2P lender ran out of wholesale funding and became a shell company."
Years-long decline before final shutdown
Key Events Timeline
DirectMoney, an ASX-listed peer-to-peer personal lending platform, raised AUD 30 million but failed to achieve lending scale against incumbent banks.
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