Tic:Toc is a fintech loan origination platform that offers a complete end-to-end online home loan experience.
Tic:Toc creates solutions to make processes within the financial services space faster, smarter and simpler.
Tic:Toc was founded in 2015 by Anthony Baum. The company is headquartered in Adelaide, South Australia.
Tic:Toc offers automated digital home loans to consumers while selling their automation technology to other lending businesses. Tic:Toc combines Explainable Artificial Intelligence (XAI) with digital fulfilment and underwriting expertise, to improve and accelerate customer experiences, lending application and decisioning.
Tic:Toc launched its first software offering, XAI Validate, which uses artificial intelligence and machine learning to automate the validation of customer data. Tic:Toc also offer their tech to other lenders via Tic:Toc Enterprise.
Tic:toc has secured a $25 billion seven-year lending agreement from partner Bendigo and Adelaide Bank. Tic:Toc also launched its second white-label partnership with Aussie Home Loans, branded as Aussie Online.
Tic:Toc is backed by Bendigo and Adelaide Bank, IAG Firemark Ventures, La Trobe Financial, Genworth Mortgage Insurance Australia, and others. The company raised an additional $24M on Dec 15, 2022. This is an extension of its previous $30M Series D in Feb 2022, bringing the round total to $54M. The additional investment brings Tic:Toc's overall funding raised to $65.5M to date. The latest investment valued Tic:Toc at $230M post-money.