Some black eyes along the way - but no more than the big banks

This “alternative exchange” got its start at the back end of the financial crisis in Australia when its owners were trying to identify where the opportunities were in financial services. “We uncovered that there was a big and growing market for people, both straight out borrowers and property developers, who value the non-bank experience. We were frustrated by the banks and looking for an alternative capital provider: that was kind of how we got going in the early days,” says Nick Raphaely on the company’s vision for its business. https://www.altx.com.au/biznews/ Learn more about your ad choices. Visit megaphone.fm/adchoices