Wisr
David King currently serves as General Counsel and Company Secretary at Wisr, Australia's first ASX-listed neo-lender, since January 2022. Prior to this role, David held various positions at IMG from August 2014 to January 2022, including Senior Legal Counsel for Asia Pacific, where responsibilities encompassed legal matters for business units such as the Ultimate Fighting Championship and IMG Media. David's earlier experience includes serving as Legal Counsel for IMG Golf (EMEA) and working as an Associate in Disputes & Investigations at Taylor Wessing. David began legal career as a Law Graduate at Garland Hawthorn Brahe. Academic qualifications include dual degrees in Commerce and Laws from the University of Melbourne.
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Wisr
DirectMoney combines retail investment and lending services in a unified service platform. It enables investors to directly invest in personal loans via a regulated investment product. Investors buy units in the DirectMoney Personal Loan Income Fund. Successful borrowers enter into loan contracts managed by DirectMoney. Borrower interest is paidto investors after deducting of loan losses and management fees. Borrowers with good credit and employment history will be offered rates that are priced according to their credit rating. This is an innovation in the Australian market where lenders usually offer only one rate based on a single credit grade.DirectMoney is positioned at the at the regulated mainstream end of the peer-to-peer (P2P) lending industry.