 | |
| Company type | Public |
|---|---|
| ASX: PPM | |
| Industry | Financial Services |
| Founded | 2000 |
| Headquarters | Sydney, Australia |
Area served | Australia |
| Products | Home loans Car Loans Personal Loans |
Number of employees | 2130 |
| Website | www |
Pepper Money Limited, known as Pepper Money, is a consumer finance company that specialises in consumer lending and residential mortgages. It is part of Pepper Financial Services Group, which has offices in Ireland, Spain, South Korea and the United Kingdom.
Pepper Money was founded in 2000 and is headquartered in Sydney, Australia.
Between 2006 and 2010 Pepper was operated by Merrill Lynch. [1] In July 2015, Pepper listed on the Australian Securities Exchange (ASX) with a market capitalization of A$470 million, which increased to $600 million in the first day of trading. [2]
Pepper Money was acquired by KKR for $657 million in November 2017 and was delisted from the ASX. [3] [4] In 2017 it partnered with Pollenizer to back SmallStash a fintech start-up that aimed to focus on financial education for kids and assisting parents to better educate their children on money and savings. [5]
On 25 May 2021, Pepper was relisted on the ASX and has around 2000 employees worldwide. [6]
Pepper has sponsored the St Kilda Football Club since 2015, [7] and previously sponsored the Western Sydney Wanderers Football Club between 2013 and 2018. [8]
Pepper Money was the principal sponsor of the Illawarra Hawks NBL team for the 2021 season. [9]
KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global investment company. As of December 31, 2023, the firm had completed private equity investments in portfolio companies with approximately $710 billion of total enterprise value. As of December 31, 2023, assets under management (AUM) and fee paying assets under management (FPAUM) were $553 billion and $446 billion, respectively.
GE Capital was the financial services division of General Electric. Its various units were sold between 2013 and 2021, including the notable spin-off of the North American consumer finance division as Synchrony Financial. Ultimately, only one division of the company remained, GE Energy Financial Services, which was transferred to GE Vernova when General Electric was broken up.
A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. Traditionally, banks and other lending institutions have sold their own products. As markets for mortgages have become more competitive, however, the role of the mortgage broker has become more popular. In many developed mortgage markets today,, mortgage brokers are the largest sellers of mortgage products for lenders. Mortgage brokers exist to find a bank or a direct lender that will be willing to make a specific loan an individual is seeking. Mortgage brokers in Canada are paid by the lender and do not charge fees for good credit applications. In the US, many mortgage brokers are regulated by their state and by the CFPB to assure compliance with banking and finance laws in the jurisdiction of the consumer. The extent of the regulation depends on the jurisdiction.
Computershare Limited is an Australian stock transfer company that provides corporate trust, stock transfer, and employee share plan services in many countries.
Webjet Limited is a global digital travel business operating and trading in both consumer (B2C) and wholesale (B2B) markets. Webjet Limited's Registered Office is located in Melbourne, Australia.
Prospect Mortgage was a residential retail mortgage lender that offered a range of home loans. The company was founded in 2007 and was headquartered in Sherman Oaks, California with retail offices across the United States. The company was backed by the private equity firm Sullivan Partners. In 2011, Prospect Mortgage was ranked number 2 on Mortgage Executive Magazine's list of the "Top 100 Mortgage Companies in America", and was a top 10 national home purchase lender in 2012.
Houseful is a British residential property software, data, and insight company based in London, England, owned by Silver Lake Partners.
OFX, previously known as OzForex, is an Australian online foreign exchange and payments company with headquarters in Sydney. The company provides money transfer services to individuals such as migrants and expatriates and small businesses as well as providing white-label international transfer services for Travelex, MoneyGram, Xero, Capital One 360 and Macquarie Group.
GoodLeap, formerly Loanpal, is a finance technology company headquartered in San Francisco, that provides financing options for the residential solar energy industry.
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Chris Larsen is an American business executive and angel investor best known for co-founding several Silicon Valley technology startups, including one based on peer to peer lending. In 1996, he co-founded the online mortgage lender E-Loan, and during his tenure as CEO E-Loan became the first company to freely provide consumers' FICO credit scores. By 2000, E-Loan's market value was estimated at $1 billion In 2005, Larsen left the company when it was sold to Banco Popular. In 2006, he co-founded Prosper Marketplace and he served as CEO until 2012. Later in 2012, he co-founded the company Ripple Labs, Inc., which developed Ripple, software that enables the instant and direct transfer of money between two parties.
ING Bank (Australia) Limited is a direct bank operating in Australia. It is a wholly owned subsidiary of the multinational Dutch bank, ING Group. ING in Australia holds an Australian banking licence as a foreign subsidiary company.
Wisr is an Australian non-bank lender offering consumer lending services. It was known for being the first company of its type to be publicly listed in Australia. In March 2018, DirectMoney launched a major company rebrand to Wisr.
GreenSky, LLC is a financial technology company founded in 2006 based in Atlanta, Georgia. It provides technology to banks and merchants to make loans to consumers for home improvement, solar, healthcare and other purposes.
James Roland Travers Spenceley is an Australian investor, entrepreneur, company director and politician. He is the founder of Vocus Communications and an active Venture Capital investor. He is also the Chairman of Airtasker (ASX:ART) and a Non-Executive Director of Kogan.com (ASX:KGN) as well as ASX listed Think Childcare Limited (ASX:TNK).
Tiimely, formerly known as Tic:Toc, is an Australian platform technology company and non-bank home lender based in Adelaide, South Australia. Founded in 2015, but launched to the public in July 2017 as Tic:Toc, Tiimely offers Software-as-a-Service, and automated digital home loans to consumers through their retail brand, Tiimely Home. Bendigo & Adelaide Bank are a major shareholder, owning a 27 percent stake in the business.
Latitude Financial Services is an Australian financial services company with headquarters in Melbourne, Victoria, also doing business in New Zealand under the name Gem Finance. Latitude’s core business is in consumer finance through a variety of services including secured and unsecured personal loans, credit cards, car loans and interest free retail finance. As of 2018 it had around a 6% share of Australia’s personal lending market, making it the biggest non-bank lender of consumer credit in Australia.
Credible Labs Inc., commonly known as Credible, is a financial technology company headquartered in San Francisco. The company also does business through its subsidiary Credible Operations, Inc. Its online marketplace offers consumers the ability to compare and refinance loans, mortgages, and other financial products from lenders. Credible became a subsidiary of Fox Corporation in 2019. In December 2021, Credible acquired digital insurance platform Young Alfred, adding various kinds of insurance including home, auto, and pet to its platform.
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