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Class announces new product integration

Class announces new product integration

Miranda Brownlee
19 July 2016

SMSF software provider Class has announced an integration with peer-to-peer lender RateSetter.

The new feature will enable users to directly receive RateSetter’s data feeds, allowing Class users to process transactions and view daily automated data entry.

It is a significant partnership considering the fact that 20 per cent of RateSetter’s $50 million in loans are from SMSFs.

“Given the historical low cash rates and ongoing uncertainty in world markets, there is a real shift in where SMSFs are looking to invest,” RateSetter head of business development Andrew Jones said.

“We expect to see continued growth from self-managed investors seeking stable, attractive returns.”

CEO of Class Kevin Bungard said the partnership demonstrates the growing desire of SMSFs to innovate.

“The RateSetter experience has shown that a significant percentage of SMSFs, which typically comprise older age groups, are very much on board with the concept, and [are] keen to embrace innovation.”

Class announces new product integration
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