Bank to the future: Simon Beitz, CEO of Alex (Ep 6)

Alex was founded by Craig Fenwick and Simon Beitz – both formerly executives at a large Australian bank. Alex has been built around personal loans (ie a credit led offering) which is quite unique in the Australian market place. They intend to add a number of features to their platform over time – using the credit led offering as a base for generating other products and services. Simon talked about their initial capital raise and the use of funds and their plans for the future.