Athena Mortgage Pty Ltd
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Athena Mortgage Pty Ltd - overview
Established
2017
Location
Sydney, NSW, Australia
Primary Industry
Financial Services
About
Athena Mortgage Pty Ltd, based in Australia, specializes in online home loan solutions, enhancing the borrowing experience for homeowners and investors with competitive rates and flexible terms. Athena Mortgage Pty Ltd is an online home loan provider founded in 2017 and headquartered in Sydney, Australia. The company was co-founded by Michael Starkey and Nathan Walsh, who also serves as the CEO. Athena has raised a total of AUD 90.
00 mn across multiple funding rounds, with the latest being a Series D round led by Square Peg, which included participation from AirTree Ventures, Apex Capital, AustralianSuper, Hostplus, Macquarie Bank, Salesforce Ventures, and Sunsuper. The firm has completed 7 deals to date. Athena Home Loans offers online home loan solutions that include the Straight Up and Power Up home loans, characterized by zero fees, competitive interest rates, and the ability to adjust interest rates without incurring a loyalty tax. These products aim to streamline the loan process, reducing time and paperwork for borrowers.
The company's target market includes first-time homebuyers, homeowners seeking refinancing, and self-employed individuals requiring customized financial solutions, focusing on accessibility and user-friendly technology for all Australians. Athena Home Loans generates revenue through transaction-based income from mortgage lending. The firm facilitates home loans via its proprietary digital platform, allowing customers to apply online, receive prompt loan assessments, and access tailored financial products. While specific pricing details for each product are not disclosed, revenue arises from interest on loans and associated government and third-party charges.
The company's flagship offerings are expected to drive substantial transaction volumes, contributing to its revenue generation. Athena Mortgage Pty Ltd plans to leverage its recent funding to enhance its product offerings and expand its market presence. New products aimed at improving customer experience are under development, although specific launch dates have not been disclosed. The company is also exploring expansion into additional geographic markets, with a focus on Australia.
The recent Series D funding of AUD 90. 00 mn will support these initiatives, fostering further growth and innovation in their lending solutions.
Current Investors
Macquarie Bank, Square Peg, Apex Capital Partners
Primary Industry
Financial Services
Sub Industries
Consumer Finance, Mortgage Banking, Web Applications, Accounting/Finance Software
Website
www.athena.com.au
Verticals
Cloud Computing, FinTech
Company Stage
Series D
Total Amount Raised
Subscriber access only
Athena Mortgage Pty Ltd - employee data
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