Zagga Launch Fully-Licensed Marketplace & Release Zagga Alternative Growth Fund

KEY TAKEAWAYS:

• Obtaining both an Australian Credit Licence and an Australian Financial Services Licence in our own name.
• Launching on 28 June 2017 with many positive media mentions across Fintech Business, SMSF Magazine, Financial Standard and Digital Finance Analytics.
• Fully-funded two loan opportunities through the platform within the first week of launch, totalling $8.1M and returning an average of 9.75% p.a net to investors.
• Since launch, we have showcased our platform to over 300 investors and loan introducers across Melbourne and Sydney, receiving many positive responses and feedback.
• In September, we introduced Foreign Investment Review Board-approved loans. These transactions provide a meaningful investment opportunity for investors seeking attractive yields over a two, three or even five-year term.
• In November, we officially launched our introducer channel, enabling brokers and loan introducers to interact seamlessly with our platform.
• More recently, we released the Zagga Alternative Growth Fund – an unlisted and unregistered managed investment scheme.
• Additionally, in the six months since our official launch in June, we have released two research papers, The Creation of an Alternative Asset Class followed closely by Reshaping the Lending Landscape.
• We currently have upwards of 130 investors registered on the portal.

Wow, what an exciting year it’s been for Zagga! After many months and countless hours of hard work and persistence, we officially opened our doors on 28 June 2017.

Looking back at our progress and achievements to date, it’s hard to believe that it’s only been six months since we went live. But there is no resting on our laurels and the Zagga team, both here in Australia and across the Tasman, have big plans for 2018. These include enhancements to the platform, a website refresh, launching a number of white label opportunities for our proprietary platform and building the recently-launched Zagga Alternative Growth (ZAG) Fund.

We are very excited by the ZAG Fund – a managed investment scheme – as we believe it provides an opportunity for Wholesale Clients to have an investment exposure to loans secured by mortgages over real property located across Australia, all originated via our platform. With an issue price of $1 per unit under the Offer and a minimum investment amount of $50,000, the Fund, which targets a net return of 6.5% per annum*, offers self-directed investors, including many time-poor SMSFs, a secured investment alternative in a well-balanced investment portfolio.

We are truly humbled by the support we have received from our investors, introducers, partners, peers and borrowers. We are pumped for next year and look forward to sharing more exciting Zagga news with you in 2018.

Why zig when you can Zagga?

*Rates are based on the Zagga CAS score and returns are subject to risks. You can read more about these risks on our website: zagga.com.au/the-zag-fund/key-investment-risks

About Zagga

Zagga is your secured alternative. We offer an alternative investment within a diversified investment portfolio, with the potential of attractive returns within manageable risk parameters.

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