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Judo was founded in 2016 with an initial seed investment from an Australian consortium of family offices, led by businessman Geoff Lord. [3] It did a capital raising in 2018, the largest in Australia at that time, and launched as Judo Capital, raising more than $140 million from Australian and international investors, coordinated by Ironbridge Capital.
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In 2002, the company began to run down its loan book and re-positioned itself as a mortgage broker, and introduced its own credit card shortly thereafter. [3] In August 2008, Commonwealth Bank acquired a 33% stake in Aussie. [4] In February 2009, the firm acquired Wizard Home Loans. [5] The deal saw the loan book expand to more than A$31 billion.
Unsecured debts are sometimes called signature debt or personal loans. [2] These differ from secured debt such as a mortgage , which is backed by a piece of real estate. In the event of the bankruptcy of the borrower, the unsecured creditors have a general claim on the assets of the borrower after the specific pledged assets have been assigned ...
UBank allows applicants to apply online or over the phone for a Term Deposit and deposit their money straight away using BPAY. This was a first for the Australian marketplace at that time. [25] In August 2009, UBank launched a new online savings account ("USaver") that was reported to differentiate through its online application process. [26] [27]
When you get a personal loan, you pay it back in fixed monthly payments. You’re likely to qualify for a lower interest rate than what credit cards charge. Espinal suggests borrowing from a ...
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