Moneyplace Australia: Auswide Bank sells stake in MoneyPlace, only two years after investing in online lender

Bundaberg-based bank Auswide is offloading its 62 per cent stake in online lender MoneyPlace only two years after making an investment to "take a position" in the hi-tech sector. The bank said the sale would boost full-year results, and now was "the right time to realise our investment". Neither the price nor a detailed rationale [...] The post Auswide Bank sells stake in MoneyPlace, only two years after investing in online lender as appeared on Australian FinTech.