Athena, a FinTech company, has successfully secured AU$25m in a Series B funding round.
The investment round, led by Square Peg, with commitments also coming from Hostplus and Airtree.
This substantial financial backing will fuel Athena’s mission to disrupt the traditional mortgage sector in Australia. The company’s unique business model is designed to make home ownership more accessible and affordable, directly challenging the dominant big banks in the market.
Nathan Walsh, co-founder and CEO of Athena, alongside Michael Starkey, COO, bring a wealth of experience from the financial services sector to drive these innovations.
Athena Home Loans is redefining the mortgage landscape by promising the best rates, no hidden fees, and faster loan repayment opportunities.
Unlike traditional lenders burdened by legacy systems, Athena leverages technology to simplify applications and remove costly intermediaries, allowing for sustainably lower rates.
The company is exploring innovative funding avenues by partnering with superannuation funds and other institutions, a model that has seen success in the Netherlands. This approach not only benefits consumers with better pricing but also offers enhanced returns to investors. Early results from Athena’s pilot programs highlight significant customer savings, with real-life stories of families reducing their mortgage terms and enjoying life-changing benefits.
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