Tiimely
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| Company type | Private |
|---|---|
| Industry | financial technology, financial services |
| Founded | 2015..[1] |
| Headquarters | Adelaide, South Australia, Australia |
Area served | Australia |
Key people | Anthony Baum (Organizational founder and CEO) |
| Products | Mortgages |
| Website | www.tictoc.com.au |
Tic:Toc, also known as Tic:Toc Home Loans, is an Australian FinTech company and non-bank home lender based in Adelaide, South Australia.[2] Founded in 2015, but launched to the public in July 2017, Tic:Toc offers automated digital home loans to consumers while selling their automation technology to other lending businesses.[3][4][5] Bendigo and Adelaide Bank are a major shareholder, owning a 27 percent stake in the business.
History
Tic:Toc was founded in 2015 by Anthony Baum, and secured seed funding in 2016 from Bendigo and Adelaide Bank, who also provide the funds for Tic:Toc’s home loans.[1][6] In March 2017, the company closed its Series A funding round, securing A$4.1 million in further funds from Bendigo and Adelaide Bank.[1]
The company officially launched its home loan offering in July 2017.[7] In December 2017, Tic:Toc announced an expansion of services to include Tasmania, officially expanding their serviceable area to cover all states of Australia.[8]
Tic:Toc closed a Series B funding round in July 2018, raising A$11.5 million.[9] The raise was led by La Trobe Financial and Genworth Financial’s Australian arm, Genworth Mortgage Insurance Australia.[9]
In November 2018, Tic:Toc announced it would offer their technology to Bendigo and Adelaide Bank as part of their first enterprise partnership.[10] In March 2019, Bendigo Bank launched Bendigo Express, a digital home loan white-labelled under the Bendigo Bank brand.[10]
On February 5 2020, Tic:Toc launched its first software offering, XAI Validate, which uses artificial intelligence and machine learning to automate the validation of customer data.[5][11]
In April 2021, Tic:Toc announced the launch of its second white-label partnership with Aussie Home Loans, branded as Aussie Online[5][12]
References
- ^ a b c Palmer-Derrien, Stephanie (1 August 2018). "Fintech startup Tic:Toc raises $11.5 million to take the hassle out of home loan approvals". Smart Company. Retrieved 12 May 2021.
- ^ Fedorowytsch, Tom (11 July 2017). "SA jobs: Tic Toc online home loans to add 200 new Adelaide workers". ABC News. Retrieved 12 May 2021.
- ^ Bennett, Tess (16 August 2017). "Tic:Toc Wants To Bust The Big Bank Myth About Online Home Loans". Which-50. Retrieved 12 May 2021.
- ^ Whitten, Richard (26 February 2019). "Bendigo speeds up home loans with help from Tic:Toc". Finder. Retrieved 12 May 2021.
- ^ a b c Eyers, James (22 April 2021). "Aussie takes on big four with digital mortgages". The Australian Financial Review. Retrieved 12 May 2021.
- ^ "Making home loans faster, smarter and simpler". Tic:Toc. Retrieved 12 May 2021.
- ^ Bolza, Miklos (11 July 2017). "Fintech launches with 22-minute home loan". Australian Broker. Retrieved 12 May 2021.
- ^ North, Martin (18 December 2017). "Tic:Toc expands to Tasmania, as NSW investors rush to purchase in Hobart". Digital Financial Analytics. Retrieved 12 May 2021.
- ^ a b Eyers, James (30 July 2018). "Digital home-loan play Tic:Toc raises funding from Genworth, La Trobe". Financial Review. Retrieved 12 May 2021.
- ^ a b "Bendigo Bank customers to benefit from instant home loan tic of approval". Bendigo Bank. 1 March 2019. Retrieved 12 May 2021.
- ^ Eyers, James (5 February 2020). "Tic:Toc launches 'responsible-lending-as-a-service'". Financial Review. Retrieved 12 May 2021.
- ^ "Aussie enters online lending market". Aussie. 22 April 2021. Retrieved 12 May 2021.
| This article, Tiimely, has recently been created via the Articles for creation process. Please check to see if the reviewer has accidentally left this template after accepting the draft and take appropriate action as necessary.
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