Sapien Group takes controlling stake in Hashching

Digital loan platform receives fresh injection of capital to accelerate growth

Sapien Group takes controlling stake in Hashching


By Mina Martin

Pan-APAC funds management group Sapien Group has taken a controlling interest in Hashching and has led the latest capital raising round to turbocharge the fast-growing digital loan platform.

Hashching is an online mortgage marketplace that acts as a one-stop-shop for a range of consumer and enterprise financial products, connecting customers directly with verified brokers who further negotiate better rates from lenders.

To date, Hashching has helped hundreds of thousands of Australians secure home and business loan deals, around $62 billion worth. Building upon the Sapien partnership and with the fresh injection of capital, Hashching is poised to become an even stronger player in the Australian loan market.

“We are excited to further double-down on our investments into Hashching and provide them with the necessary capital to accelerate growth,” said Victor Jiang (pictured above right), founder and managing director of Sapien Group. “The Australian and regional economies are entering a new phase of higher-interest environment, and this represents new challenges and opportunities.”

“On the back of the team’s strong execution over the past two to three years and given Hashching’s existing market presence and technological lead, we see an inflection point coming to potentially further enhance its unique value proposition to consumers and brokers. Our extended investment in Hashching aligns with our strategy to support the next generation of fintech ventures to acquire a more dominant market-share domestically and expand globally.”

“We are thrilled to partner with Sapien Group,” said Arun Maharaj (pictured above left), CEO of Hashching. “Not only was Sapien’s VC arm the first institutional investor in Hashching, the group has also been our most consistent investor. With their ongoing support and new regional APAC footprint, we can accelerate our growth and diversify our offering to new markets and new sectors. We see a great opportunity to create a unique value proposition to brokers and clients, beyond Australian shores. This partnership will help us achieve our vision of revolutionising the way consumers access and obtain financial products.

“At a time of economic uncertainty and increasing interest rates, more than ever before Australian borrowers need certainty from their lenders and broker support. Hashching has nearly 5,000 registered brokers on its platform nationwide and have begun partnering with additional lenders who sit outside of normal aggregator channels,” he said. “With the tech sector reeling from a lack of funding more broadly, Hashching is very well placed to increase market share and capitalise on consolidation opportunities which might become available over the next 12-24 months.”

Have a thought about this new move from Sapien Group? Include it in the comments below. 

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