Australian fintech startup Verteva raises $21.4m from NZ’s Bolton

HANOI — Australian fintech startup Verteva announced that it has raised A$33 million ($21.4 million) in a Series A round from New Zealand-based investment firm Bolton Equities.

Co-founded by chief executive Andrew Walker and Chris Lumby, both former Westpac execs, Verteva says it is building a transformative digital alternative for customers in the home lending space.

With the vast majority of home loans originating in face-to-face meetings and using paper-based forms and clunky credit assessment processes, the home loan industry is badly outdated. Verteva says it combines technology, data-driven insights and digital customer journeys to radically reshape the home lending

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