The fintech that made $32m lending to customers banks reject
Source Funding has written about $2 billion worth of loans many to SMSFs which major lenders, with their “cookie-cutter” approval processes, often avoid.
Source Funding uses AI to search for property data and estimate valuations. iStock
Christopher Niesche
Source Funding is carving out a niche providing property loans to customers the banks aren’t keen to serve, if at all.
The securitised lender provides self-managed superannuation fund loans, loans to the self-employed, low-doc loans and loans to expats.
