Tech innovators are making serious inroads into the Australian commercial lending and residential property markets.

Following its entry into the Australian credit space in December, peer-to-peer lending platform ThinCats Australia has partnered with over 150 lenders, 80 finance brokers and has generated a strong pipeline of SME loans.

The online lending platform connects wholesale investors with small and medium sized business borrowers across Australia, capturing a customer segment not optimally serviced by bank and non-bank financial institutions. Lenders benefit through higher returns and diversification, and borrowers reduce their borrowing costs.