Jacaranda Finance is an award-winning fintech company founded in 2013. They offer a worthy alternative to traditional lending institutions by offering quick online personal loans to consumers.
After spending six months in the UK, CEO of Jacaranda Finance Daniel Wessels took notice that brick-and-mortar based financial institutions were quickly becoming a thing of the past. He saw an opportunity in the Australian market and took it with both hands.
The Milton-based fintech has developed a risk-based pricing strategy to offer consumers a digital-first personal loan product that is one of the fastest services in Australia. Unlike traditional lenders, who take days or weeks to get back to customers, Jacaranda can transfer funds to customers on the same day of applying.
Bad credit loans continue to be on one of Jacaranda’s most popular loan products. Borrowers with poor or average credit scores who normally would find it difficult to get approved for a loan through a bank or credit union, are given a great opportunity to access the finance they need online.
Guided by responsible lending practices, Jacaranda Finance is on mission to change the stigma associated with the short term lending industry. By being completely transparent with fees and offering ongoing support to customers, their success has grown considerably since their humble beginnings.