Best Alternative Lending Companies in Melbourne, Australia
The 37 best Alternative Lending companies in Melbourne, Australia in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Latitude Financial Services.
Ranked: Best Alternative Lending companies in Melbourne
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Latitude Financial Services Consumer loans provider | $232M | 135 mo ago | Public | Bob Belan CEO & MD | 2015 | ContentfulApple iCloud MailBootstrap+22 | 2 awards |
| 2 | TP24 Provider of credit line for businesses 37Funding top 36%Growth top 45%Tech bottom 45%Global bottom 38% All 6 signals ▾Fundingtop 36% Growthtop 45% Techbottom 45% Globalbottom 38% Marketbottom 31% Newsbottom 22% Funding: Raised $120M across 2 rounds · 2 rounds over 7 yrs (0.3/yr) rank vs industry peers · Fliar Intelligence Index 37/100 | $120M | 37 mo ago | Series A | — | 2016 | ReactGatsbyAmazon Web Services+13 | — |
| 3 | Incredo Credit assessment solutions provider. 35Talent top 28%Funding top 33%Growth top 45%Tech bottom 42% All 6 signals ▾Talenttop 28% Fundingtop 33% Growthtop 45% Techbottom 42% Globalbottom 38% Marketbottom 25% Talent: 3 named leaders on record · 3 C-suite/founder profiles curated Funding: Raised $60.3M across 7 rounds · 7 rounds over 10 yrs (0.7/yr) rank vs industry peers · Fliar Intelligence Index 35/100 | $60M | 39 mo ago | Series C | Eran Baniel Co-Founder & CEO | 2014 | Webflowcore-jsjQuery+11 | — |
| 4 | MoneyPlace Online platform for unsecured consumer and personal loans 42Talent top 28%Growth top 30%Tech top 43%Funding top 44% All 6 signals ▾Talenttop 28% Growthtop 30% Techtop 43% Fundingtop 44% Globalbottom 36% Marketbottom 21% Talent: Analyst team rating 4/5 Growth: Web rank 5,000,000 → 1,000,000 YoY rank vs industry peers · Fliar Intelligence Index 42/100 | $60M | 32 mo ago | Acquired | — | 2014 | Apple iCloud MailPHPSalesforce+20 | 1 award |
| 5 | Moula Online lending platform for unsecured business loans to SMBs | $45M | 81 mo ago | Series D | — | 2013 | WordPressMySQLPHP+29 | — |
| 6 | Afterpay Provider of buy now, pay later services with flexible options | $35M | 72 mo ago | Acquired | Nick Molnar Co-Founder & CEO | 2014 | Builder.ioSentryZendesk+31 | 1 launch |
| 7 | Banjo Online business loans | $16M | 108 mo ago | Funding Raised | — | 2014 | — | — |
| 8 | Openpay Purchase financing platform | $8M | 75 mo ago | Public | Richard Broome Co-Founder | 2016 | — | — |
| 9 | Timelio Online platform for invoice financing | $6M | 59 mo ago | Series A | Andrew Petris Co-Founder | 2014 | — | — |
| 10 | TruePillars Provider of peer-to-peer borrowing and lending platform for SME loans | $4M | 108 mo ago | Series A | John Baini Co-Founder & CEO | 2015 | ContentfulSalesforceUbuntu+19 | — |
Top 12 Alternative Lending companies in Melbourne
#1
Acquired · Melbourne, Victoria · founded 2014 · 7 employees$60Mraised▾
MoneyPlace is an online P2P marketplace and will provide consumer loans of between $5000 and $35,000 on three-year fixed terms. Currently it has a credit license, enabling it to lend to borrowers, and is awaiting financial services license, which will enable the company to receive money from investors.
- Dec 2023Series B—
- Dec 2015Series A$60M
#2
Series C · Melbourne, Victoria · founded 2014$60.3Mraised▾
Incredo provides lenders a tool which delivers a secure way to retrieve and assess the customer’s bank statements and overview of their customer’s financial position. It automates the processes for assessing a credit applicants financial position. The borrower's bank account data is retrieved and converted into a customised report that breaks down critical information, relevant to the credit product, into categories. It allows Credit Provider’s to set their high-level lending criteria into its analytical engine which allows for customised and tailored reporting.
- May 2023Series C$30M
- Jun 2019Series B$22M
- Mar 2019Grant (prize money)$56.7K
- Oct 2018Grant (prize money)$19.2K
#3
Series A · Melbourne, Victoria · founded 2016 · 54 employees$119.7Mraised▾
Provider of credit line for businesses
- Jul 2023Conventional Debt$451M
- Feb 2019Series A$119.7M
- Feb 2019Conventional Debt—
#4
Acquired · Melbourne, Victoria · founded 2014$35.4Mraised▾
Provider of buy now, pay later services with flexible options. It facilitates installment payments for purchases. The service allows consumers to acquire goods and services immediately and pay for them over a defined period. It offers options for different regions and languages.
- Aug 2020Post IPO—
- Aug 2020Post IPO$136M
- May 2020Post IPO$254.7M
- Nov 2019Post IPO$135.9M
#5
Series D · Melbourne, Victoria · founded 2013 · 64 employees$45.1Mraised▾
Moula is an Australia-based online lending platform for working capital loans of up to $100,000 to SMBs. The usual tenor for loans is 6 months, however it can be further extended on a case-to-case basis.
- Dec 2019Series D$20M
- Mar 2019Conventional Debt$250M
- Jun 2015Series A$23.1M
- 2014Seed$2M
#6
Series A · Melbourne, Victoria · founded 2014 · 18 employees$5.5Mraised▾
Timelio is an online platform that provides invoice based financing to businesses in Australia. It finances invoices starting from A$10,000 for a time period of 30-120 days. Only accredited and institutional investors are allowed to invest on the platform with a minimum investment amount of $25,000.
- Oct 2021Conventional Debt$270M
- Sep 2017Angel—
- Oct 2016Series A$5M
- Oct 2015Seed$500K
#7
Public · Melbourne, Victoria · founded 2015 · 1350 employees$232.3Mraised▾
Consumer loans provider
- 2015Seed—
#8
Public · Melbourne, Victoria · founded 2016 · 164 employees$7.8Mraised▾
Openpay is an online purchase financing company that lets the users pay later for things they buy in real time from the designated merchant offline and online stores. The users can schedule payments as per their own convenience which is deducted from their supplied credit card. The merchants are paid instantly.
- Jun 2020Post IPO$23.4M
- Oct 2017Series A$7.8M
#9
Funding Raised · Melbourne, Victoria · founded 2014 · 43 employees$15.7Mraised▾
Banjo is an online lender providing secured and unsecured loans to small business. It offers loans ranging from A$5,000 to A$500,000 with a 1-6 months of repayment period. As of July 2015, Banjo hasn't commercially launched its product.
- Aug 2017Venture Debt$15.7M
#10
Series A · Melbourne, Victoria · founded 2015 · 16 employees$3.9Mraised▾
Provider of peer-to-peer borrowing and lending platform for SME loans. It provides users with a platform that connects everyday investors with diversified credit portfolios. They offer three pooled investment options for investors to gain immediate diversification across their credit fund.
- Aug 2017Series A$3.9M
#11
Seed · Melbourne, Victoria · founded 2009 · 14 employees$20Kraised▾
Arch Finance is a subsidiary of the Qualitas Group that provides timely and flexible funding certainty for commercial real estate mortgage brokers and borrowers. They focus on broker relationships and offer loan options for commercial property investment and residual stock loans.
- 2021Seed$20K
#12
Seed · Melbourne, Victoria · founded 2022—raised▾
Online lending platform for buy now and pay later financing. It enables users to buy products through merchants and offers them buy now pay later solutions. It also offers credit risk analysis and consumer behavior analysis for banks and financial institutions. Its app is available for Android users.
- Jul 2023Seed—
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Alternative Lending coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.