Listen to the BizNews podcast with Nick Raphaely, our Co-CEO and Co-Founder.

This “alternative exchange” got its start at the back end of the financial crisis in Australia when its owners were trying to identify where the opportunities were in financial services. “We uncovered that there was a big and growing market for people, both straight out borrowers and property developers, who value the non-bank experience. We were frustrated by the banks and looking for an alternative capital provider: that was kind of how we got going in the early days,” says Nick Raphaely on AltX’s vision for its business.

You can listen to the full episode here.

Key Points: 

• Australian-based AltX is growing its global investor base

• Speaking about the vision for the business, Raphaely said “It’s an alternative exchange where we can effectively become a marketplace for off the run, non-mainboard listed investment opportunities”

• Raphaely said, “I always say to potential investors; whether you’re considering us or one of our competitors, don’t give your money to anybody who doesn’t have both the experience and the resolve to go and collect the capital if the borrower misbehaves.”

Published by BizNews on 19th July 2022.