ONLINE HOME LOAN PLATFORM LAUNCHED IN ADELAIDE PROMISING 200 NEW JOBS

Written on the 11 July 2017 by David Simmons

ONLINE HOME LOAN PLATFORM LAUNCHED IN ADELAIDE PROMISING 200 NEW JOBS

SOUTH Australian based fintech company Tic: Toc is on a mission to disrupt the home loan industry by developing its new online platform.

In partnership with the South Australian government and Bendigo Adelaide Bank, Tic: Toc is aiming to create what they say will be the "world's first" online home loan platform which can offer customers approval in just 22 minutes.

Tic: Toc has secured a $900,000 grant through the government's Investment Attraction Agency's Economic Investment Fund, which is expected to take the company's staff count to 200 within the next five years.

Tic: Toc founder and CEO, Anthony Baum (pictured), says he is excited to see Adelaide embrace the growing fintech sector.

"Fintech is a major growth sector, both internationally and within Australia. As a proud South Australian, I find it satisfying to launch and grow a major national fintech company from Adelaide," says Baum.

"The Australian market was ready for a fully digital home loan. Australia has one of the highest take up rates of online banking in the world.

"The on-demand economy has shifted customer expectations when it comes to personal finance, but home loans have been left behind.

"We believe customers deserve a faster, easier and more transparent way to get a home loan; and Tic: Toc can deliver on this promise."

The fintech company has its current head office on North Terrace, Adelaide.

South Australian minister for investment and trade Martin Hamilton-Smith says he recognised potential in Tic: Toc's plan when he first came across it last year.

"When this was put to me in November last year I could see it was a great opportunity to grow the financial services sector in Adelaide," says Hamilton-Smith.

"This is 200 new jobs coming to Adelaide in the fintech sector backed by Bendigo Adelaide Bank."

"This is another win for IASA which has already attracted more than $1 billion in investment and created almost 6000 jobs."

Business News Australia


Author: David Simmons

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