Symple Loans partners with NAB to launch $57 million securitisation facility

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Symple Loans is boosting its lending activity to provide more Australians with lower interest rate personal loans funded by a new securitised warehouse facility backed by National Australia Bank and high net-worth Australian investors.

The facility has an initial capacity of $57 million which Symple intends to scale up to meet strong consumer demand for its digital personal loan product and in building towards its $2 billion loans under management target.

Symple is the first new-to-bank customer to benefit from NAB’s commitment to support tech-enabled start-ups with access to debt capital and a suite of broader banking services. NAB’s Head of Emerging Technology Clients, Steve Smith, said, “Symple has a compelling product and customer value proposition, as well as a deeply experienced management team, so the opportunity to work with them on this deal is exciting. We see this as the start of a long-term relationship, that is underpinned by the great depth of capability NAB’s Securitisation team has to offer in the fintech sector.”

Bob Belan, Co-Founder & CEO at Symple said the partnership with NAB represents a significant milestone and enables the company to immediately and profitably accelerate its new loan origination volumes – advancing its mission of lowering the cost of unsecured lending and helping to improve the financial health of Australian households.

Belan said, “A key feature of Symple’s business model is partnering with proven industry leaders locally and globally to deliver better outcomes for Australian borrowers. It’s well known that NAB has the strongest business banking franchise in the country and are on the forefront of supporting new technology-driven ventures like Symple in reaching their full potential.” 

The company will continue to accept capital from sophisticated private investors to fund a portion of its future loan originations – providing high net worth individuals and family offices with strong and stable returns which has become increasingly compelling given the recent volatility and yield performance of traditional asset classes.

This next phase for Symple also includes the launch of a Series C raise which is expected to close prior to year-end.

“We are targeting $10 million in growth funding and upon completion, will have raised a total of ~$70 million in combined debt and equity capital to support the execution of our long-term strategy” said Belan.

Proceeds will be used to ramp up the pace of loan originations, make further investments in product development and to advance new digital lending innovations for the benefit of its customers.

“We are pleased with the company’s progress to date. These recent developments put us in a strong position to capitalise on the opportunity we see in the market and to progress our mission of improving the financial health of Australian consumers through access to faster, easier and more affordable personal loans,” said Belan.

About Symple Loans

Symple Loans Pty Limited was founded in February 2018 by Bob Belan and Paul Byrne – two senior banking executives with extensive local and global experience managing large scale consumer lending businesses. The company uses a state-of-the-art and cost-effective digital lending platform to offer personal loans to credit-worthy borrowers funded by private investors.  Symple’s management is comprised of a team of technology, credit risk, operational risk and investment management specialists with deep subject matter expertise in personal lending both in Australia and internationally. Symple has been granted an Australian Credit License (No. 509222) by the Australian Securities and Investment Commission (ASIC) and operates as a regulated lender in compliance with Australian lending standards. Visit

Media Contact

For more information or an interview, contact:

Genevieve Mills, Six O’Clock Advisory
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