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AltX - a R10bn Saffer-built fintech challenger to Aussie banks - and now open to SA retail investors

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Since launching a decade back, Sydney-based fintech AltX has facilitated R35bn in mortgage loans for retail investors. The three relocated South Africans who created the company, built a platform that enables individuals to assume the role of mortgage-issuing banks, democratising a sector previously the preserve of financial Goliaths. In this podcast, AltX co-founder Nick Raphaely explains the nuts and bolts of the business to BizNews editor Alec Hogg; shares how it has achieved a zero bad debt record (hint: only first mortgage bonds + huge margin of safety); and unpacks why the internet-based platform makes it possible for investors anywhere who have R500 000, can acquire this low-risk asset that delivers a net yield of between 5% and 8% in Aussie Dollars. Learn more about your ad choices. Visit megaphone.fm/adchoices
11 May 2022 8AM English South Africa Investing · Business News

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