Athena is delivering a better-value mortgage to borrowers and investors by focusing on efficiency through its digital origination channels. The savings are passed back via attractive mortgage rates for borrowers and superior returns for investors.

Athena is powered by Australia’s first cloud-native mortgage platform, which radically simplifies the mortgage value chain to deliver breakthrough efficiency, client experience and agility. The group aims to improve customer lifetime value, and drive a significant reduction in origination and servicing costs relative to big-bank legacy processes.

Athena was founded in July 2017 by Nathan Walsh and Michael Starkey. Since public launch, in February 2019, the group’s seamless digital experience and highly competitive interest rates have resonated with customers. Athena has received more than A$24.8 billion of applications and settled A$6.1 billion of loans since launch in February 2019.

Athena is led by an executive team with deep experience in financial services and delivering innovative customer propositions. The company is backed by a leading group of strategic partners including Square Peg Capital, Macquarie Bank, Hostplus, AirTree Ventures, AustralianSuper and SunSuper.

Athena has developed a flexible funding model backed by a funding-aware platform that can cater to different types of wholesale investors and provide them with real-time portfolio reporting.

Athena maintains five warehouse facilities with domestic and foreign banks, and has executed several whole-loan sales and two private placement debt transactions, in addition to a public term RMBS transaction. Athena plans to issue term RMBS debt on a regular basis, as part of a diversified funding strategy.

Athena’s portfolio of prime residential mortgages has continued to experience excellent credit performance through the rising rate cycle, attributable to strong underwriting policies and procedures.

Michael Starkey
Co-founder, Chief Financial Officer and Chief Operating Officer
+61 412 232 082
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Jason Finlay
Group Treasurer
+61 408 243 471
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www.athena.com.au