Athena Home Loans said to close $1.5bn in funding

Online mortgage marketplace Athena Home Loans has reportedly collected an colossal AUD 2bn ($1.5bn) in funding from Cerberus.

The investment was also backed by Cerberus’ non-bank lender subsidiary Bluestone, according to a report from Australian Broker. This deal represents one of the largest FinTech strategic partnerships in Australia.

Cerberus will supply the funds over the course of the next three years.

This funding comes just six months after it closed a AUD $300m ($235m) investment from Newcastle Permanent Building Society.

Athena Homes is an online home loan company that aims to help customers get financing quicker and pay it off faster. Founded in 2017, the company uses technology to enable origination and investing through simpler and more transparent funding structures.

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