Marketlend jostles in P2P sector

Ian Rogers

Marketlend, another P2P style lender, is making its debut in the Australian market.

Leo Tyndall, a former head of capital markets in Asia for UniCredit, is the founder and CEO. Paul Roffey, a former JP Morgan and NAB banker, is the second director.

Marketlend is a subsidiary of Tyndall Capital Pty which holds the Australian Financial Services Licence.

Business loans  (especially working capital, including a line of credit linked to invoices) are the initial target product with personal loans to come.

Like others in the segment, Marketlend is not really a peer to peer lender as its investment is confined to a well-heeled few and professional investors. However, there is a bidding platform to match investments with loan requests.

Retail investors may be able to join later.

One difference in the Marketlend model is a market for secondary trading in investments in loans.

ThinCats is another recent entrant in this niche, while RateSetter and SocietyOne have more of a consumer loans focus.