Login
Peer-to-peer platform embarks on new partnership
One firm has advised on a multimillion-dollar partnership between a peer-to-peer lending platform operator and the Clean Energy Finance Corporation.
Emma Musgrave
Firms: Ashurst (RateSetter)
Value: $20 million
Area: Corporate, finance
Key players: The Ashurst team was led by corporate partner Lisa Simmons, with assistance from tax partner Barbara Phair.
Deal significance: RateSetter is a peer-to-peer lending platform operator.
Its partnership with the Clean Energy Finance Corporation will see the latter invest $20 million to fund “green loans” for households and businesses wanting to buy clean energy products, according to a statement from Ashurst.
“Peer-to-peer lending is still a relatively new concept in Australia with most providers having commenced their operations in the last five years,” Ms Simmons said.
“For it to be a long-term success, there needs to be a market established, both for lenders (or funders) and borrowers. That in turn requires liquidity.
“The unique thing about this transaction is that through RateSetter, CEFC is helping to establish a new funding market for loans which have a ‘green’ objective. Retail lenders can fund green loans alongside the CEFC, helping to build a loan market for loans with this purpose.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
Email Emma on:
