HashChing fin-tech adds Switzer links to its advisory board

Online mortgage marketplace HashChing has welcomed financial services and media heavyweights Paul Rickard and Marty Switzer to its advisory board.

Paul Rickard is a well-respected financial services veteran.

Previously the founding managing director of CommSec and a senior executive and CIO of Commonwealth Bank, he is now a non-executive director at Property Exchange Australia (PEXA), Tyro Payments and Switzer Asset Management Limited.

Marty Switzer brings a wealth of media savvy to the HashChing board with his extensive experience as a finance commentator across broadcast, print and online.

He is also the chief operating officer of Switzer, a leading media and financial services group.

Both have also invested an undisclosed amount in HashChing as part of the company’s current $6 million capital raise.

Rickard and Switzer join senior executives already on the HashChing advisory board who boast expertise across fin-tech, foreign investment, legal, and financial planning: Victor Jiang, Helen Lorigan, Claire Wivell-Plater and Siobhan Hayden.

“I'm excited to be involved with HashChing.

“Mandeep and the team have done an outstanding job in building a disruptive business model and distribution network in such a short period of time.

“The future looks bright and I am looking forward to the journey,” said Mr Switzer.

“The HashChing business model of connecting home loan borrowers with customer- reviewed brokers and the best rates is unique, and I am excited by the investment opportunity,” said Mr Rickard.

HashChing CEO Mandeep Sodhi said the new additions to the board would be instrumental in helping the company disrupt the stranglehold of the big four banks and evolve its business model to encompass other financial services successfully.

Since launching in August 2015, the online mortgage marketplace has received more than $7 billion worth of home loan applications, helped upwards of 14,000 customers find a better deal on their home loan and boasts an expansive network of more than 500 verified brokers.

The company has also achieved a number of other industry firsts by incorporating cutting-edge technologies, including predictive analytics, geo-targeting, machine learning and virtual verification of identity (VOI) into their platform.

Rickard and Switzer join senior executives already on the HashChing advisory board who boast expertise across fin-tech, foreign investment, legal, and financial planning: Victor Jiang, Helen Lorigan, Claire Wivell-Plater and Siobhan Hayden.