SLM Corporate is very pleased to announce that it has assisted Verifier Pty Ltd in a successful raising of expansion capital. The raising was completed by way of the issue of fully paid ordinary shares to investors within SLM’s network.
Verifier is a privately owned Australian fintech and SaaS company developing a consumer-driven data sharing platform for online income verification. It allows lenders to verify the income of an applicant at real-time while giving consumers and data providers full control of their permissioned data. The business is led by Lisa Schutz, the CEO and founder, who has extensive experience – at BCG, as Vice President of MasterCard for Australia, as General Manager, PostConnect for Australia Post and as an analytics adviser to PwC.
The result provides Verifier with an excellent platform for further developing its technical capabilities as well as in the growth of sales and marketing capability in Australia, with the potential to expand globally.
SLM and its investors are especially delighted to be participating in this investment, with income verification and privacy the subject of an important focus at a time when the Financial Services Royal Commission has highlighted that a significant portion of Australia’s $1.7 trillion home mortgage market is made up of “liar loans” based on incorrect information.
For further information, please contact:
Ph: 03 9244 9644 or 041 9032493