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$22.5 billion of applications and settled more than A$5.5 billion of loans in its first three-and-a half years of operation.

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 investor and provide them with real-time portfolio reporting.

In addition to Athena’s five established warehouse facilities with domestic and foreign banks, the group has delivered strong progress on its diversified funding strategy over the past 12 months.

The group has sold several loan pools, totalling A$1.2 billion, to banks and external investors, and has completed two private placement transactions totalling A$700 million.

Athena also has regular term issuance as a key part of its long-term plans and issued its first public RMBS deal in September 2022. This A$400 million transaction represents a key milestone in providing a wider range of institutional investors with access to high-quality mortgage assets.

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