What is SocietyOne?
Founded in 2012, SocietyOne operates as Australia's sole active Peer-to-Peer lender, facilitating direct connections between creditworthy borrowers and investors through a secure online platform. The company was established with the vision of disrupting the Australian consumer credit market, inspired by the successful peer-to-peer lending models observed internationally. SocietyOne aims to provide a more efficient and transparent lending alternative by leveraging technology to streamline the borrowing and investment process.
How much funding has SocietyOne raised?
SocietyOne has raised a total of $159.6M across 6 funding rounds:
Series A
$8.5M
Series B
$10M
Multiple Rounds
$126.1M
Private Equity
$15M
Series A (2014): $8.5M with participation from Global Founders Capital and Reinventures
Series B (2014): $10M led by News Corporation
Private Equity (2016): $25M, investors not publicly disclosed
Debt (2016): $100M, investors not publicly disclosed
Private Equity (2016): $1.1M backed by Beyond Bank Australia
Private Equity (2020): $15M, investors not publicly disclosed
Key Investors in SocietyOne
Global Founders Capital
Global Founders Capital is a global early-stage investor that empowers gifted entrepreneurs by backing them from pre-seed to IPO. With a track record of supporting over five hundred entrepreneurs worldwide, including notable companies like Facebook and LinkedIn, GFC focuses on category-defining ventures.
Reinventures
Reinventures assists organizations in creating and institutionalizing a market-centric mindset and the ability to create and profitably deliver superior value propositions. They focus on teaching leaders and individual contributors fundamental concepts and tools for value proposition creation and delivery.
News Corporation
News Corp is a global media and information services company that creates trusted content and experiences across news, entertainment, digital solutions, and real estate. The company reaches diverse audiences worldwide, delivering stories that inform, inspire, and engage.
What's next for SocietyOne?
The substantial enterprise-level funding and recent strategic investment indicate that SocietyOne is likely in a scaling phase, aiming to expand its market reach and enhance its technological infrastructure. Future developments may include broadening its investor base, increasing loan origination volumes, and potentially exploring new financial product offerings. The company's focus on connecting investors directly with borrowers positions it to capitalize on evolving consumer credit demands and the growing acceptance of alternative finance solutions.
See full SocietyOne company page
