Moneycatcha, a Perth-based fintech company, has appointed Tim Alexander and Lawrie Tremaine as Non-Executive Directors to its board, strengthening its governance.
The company has secured $1.5 million in fresh funding to accelerate growth plans and capitalize on opportunities in Australia's Consumer Data Right (CDR) regime.
Moneycatcha's flagship product, 'Stryd,' is an open banking-enabled platform for home loan lenders and mortgage brokers, designed to improve lending risk assessment and regulatory compliance.
The company aims to leverage open data technology to benefit brokers, aggregators, lenders, and consumers, particularly in the context of evolving mortgage broker roles and upcoming CDR developments in non-bank lending and energy sectors.