| SocietyOne | |
| Foundation: | 6 August 2011 |
| Location: | Sydney, Australia |
| Industry: | Peer-to-peer lending |
| Founders: | Andy Taylor, Matt Symons, Greg Symons |
| Products: | unsecured personal loans, secured livestock loans |
| Num Employees: | 89 (2018)[1] |
SocietyOne is an Australian peer-to-peer lending company, often referred to as the first peer-to-peer lender to have entered the Australian market.[2]
Based on UK peer-to-peer lending businesses such as Zopa and Ratesetter, SocietyOne was founded in August 2011 by Andy Taylor, Matt Symons, and Greg Symons (unrelated).[3] In March 2016, Former senior Westpac banker Jason Yetton was hired as CEO. Jason set a public goal in 2016 to control 2-3% of Australia's $100 billion personal credit market by 2020-21.[4] He stepped down in July 2018, making Mark Jones CEO.
In the third quarter of 2017, it was reported that a total of over $350 million had been borrowed on Society One’s platform since 2012.[5] As of June 30, 2018, that number reached $465 million, and the total valuation of the lending book reached $218 million. [6] Despite its growth, Society One is expected to need a $500 million lending book to start breaking even.[7]