[2] Based on UK peer-to-peer lending businesses such as Zopa and Ratesetter, SocietyOne was founded in August 2011 by Andy Taylor, Matt Symons, and Greg Symons (unrelated).
[3] In March 2016, Former senior Westpac banker Jason Yetton was hired as CEO.
Jason set a public goal in 2016 to control 2-3% of Australia's $100 billion personal credit market by 2020-21.
[5] In the third quarter of 2017, it was reported that a total of over $350 million had been borrowed on Society One’s platform since 2012.
[5] Despite its growth, Society One is expected to need a $500 million lending book to start breaking even.