Tiimely, formerly known as Tic:Toc, is an Australian platform technology company and non-bank home lender based in

Adelaide Adelaide ( , ; ) is the list of Australian capital cities, capital and most populous city of South Australia, as well as the list of cities in Australia by population, fifth-most populous city in Australia. The name "Adelaide" may refer to ei ...

South Australia South Australia (commonly abbreviated as SA) is a States and territories of Australia, state in the southern central part of Australia. With a total land area of , it is the fourth-largest of Australia's states and territories by area, which in ...

. Founded in 2015, but launched to the public in July 2017 as Tic:Toc, Tiimely offers Software-as-a-Service, and automated digital home loans to consumers through their retail brand, Tiimely Home. Bendigo & Adelaide Bank are a major shareholder, owning a 27 percent stake in the business.

History

Tiimely was founded in 2015 by Anthony Baum, and secured seed funding in 2016 from Bendigo & Adelaide Bank, who also provide the funds for Tiimely’s home loans. In March 2017, the company closed its Series A

funding round A securities offering (or funding round or investment round) is a discrete round of investment, by which a business or other enterprise raises money to fund operations, expansion, a capital (economics), capital project, an acquisition, or some oth ...

, securing A$4.1 million in further funds from Bendigo & Adelaide Bank. The company officially launched its home loan offering in July 2017. In December 2017, Tiimely announced an expansion of services to include

Tasmania Tasmania (; palawa kani: ''Lutruwita'') is an island States and territories of Australia, state of Australia. It is located to the south of the Mainland Australia, Australian mainland, and is separated from it by the Bass Strait. The sta ...

, officially expanding their serviceable area to cover all states of Australia. Tiimely closed a Series B

in July 2018, raising A$11.5 million. The raise was led by La Trobe Financial and Genworth Financial’s Australian arm, Genworth Mortgage Insurance Australia. In November 2018, Tiimely announced it would offer their technology to Bendigo & Adelaide Bank as part of their first enterprise partnership. In March 2019, Bendigo Bank launched Bendigo Express, a digital home loan white-labelled under the Bendigo Bank brand. On February 5, 2020, Tiimely launched its first software offering, XAI Validate, which uses

artificial intelligence Artificial intelligence (AI) is the capability of computer, computational systems to perform tasks typically associated with human intelligence, such as learning, reasoning, problem-solving, perception, and decision-making. It is a field of re ...

and

machine learning Machine learning (ML) is a field of study in artificial intelligence concerned with the development and study of Computational statistics, statistical algorithms that can learn from data and generalise to unseen data, and thus perform Task ( ...

to automate the validation of customer data. XAI Validate was rebranded to Xapii in conjunction with the November 2023 rebrand. Yasmin Allen was appointed

chairman of the board The chair, also chairman, chairwoman, or chairperson, is the presiding officer of an organized group such as a Board of directors, board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by ...

in November 2021. Tiimely closed a Series D

in December 2022, raising A$54 million. The raise was led by Regal Funds Management and is made up of A$30 million raised in February, with a further A$24 million raised from existing investors Bendigo & Adelaide Bank and IAG Firemark Ventures . Up announced early access for its first home loan product, Up Home, in July 2022. The Up Home offering is built on Tiimely technology and funded by Bendigo and Adelaide Bank.

Qantas Qantas ( ), formally Qantas Airways Limited, is the flag carrier of Australia, and the largest airline by fleet size, international flights, and international destinations in Australia and List of largest airlines in Oceania, Oceania. A foundi ...

Money Home Loans launched in early February 2023, and is a white-label mortgage product of Tiimely and funded by Bendigo and Adelaide Bank. Tiimely was approved as an unrestricted accredited data recipient by the

Australian Competition & Consumer Commission The Australian Competition and Consumer Commission (ACCC) is the chief competition regulator of the Government of Australia, located within the Department of the Treasury. It was established in 1995 with the amalgamation of the Australian Tra ...

under the

Consumer Data Right The Consumer Data Right is the name of a legislative, regulatory, and standards framework for consumer data portability in Australia. This framework has been created and introduced by the Australian Government, which is implementing the framework ...

in March 2023.

NRMA The NRMA (trading name of National Roads and Motorists' Association) is an Australian organisation offering roadside assistance, advocacy for motorists and road-users, motoring advice, car servicing, International Driving Permits, travel, and ...

launched their new market product, NRMA Home Loans, in October 2023, a white-label mortgage product of Tiimely and funded by Bendigo and Adelaide Bank. Tiimely announced the rebrand of their corporate and enterprise business from Tic:Toc to Tiimely in November 2023, and rebranded their retail brand, Tic:Toc Home Loans to Tiimely Home. Tiimely achieved accreditation as a certified

B Corporation (certification) In business, a company that uses the “Certified B Corporation” trademark (also B Corporation or B Corp) is a for-profit corporation certified for its Social impact assessment, social impact by B Lab, a global 501(c) organization, non-profit ...

in November 2023.

References

{{DEFAULTSORT:Tiimely Financial services companies established in 2015 Mortgage industry of Australia Companies based in Adelaide Financial services companies of Australia