February 20, 2017 10:45am
A MAJOR entertainment company has thrown its financial support behind Adelaide-based technology start-up Joust, allowing the company to expand its home loan auction service into New South Wales.
The Wakefield Street business today announced it had successfully raised another $400,000 and secured NOVA Entertainment Group as a strategic investor.
The company, which operates in SA and Victoria, says the funding takes to almost $2 million it has raised since its inception in early 2015.
Co-Founder and managing director Mark Bevan said 650 customers have used Joust to seek a better home loan interest rate and that the value of home loans “jousted” was already more than $250m.
“We now have eleven Banks on the Joust platform and the continued support from existing
investors and now NOVA Entertainment, gives us the confidence to expand in to the Sydney market next month,” he said.
Scaling the business and increasing consumer awareness in the important markets of Melbourne and Sydney are key focus areas for Joust in the first half of 2017.
Joust was recently named as a finalist in Start-Up of the Year category in the 2017 Fintech Business Awards.
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