Latitude Group to acquire Symple Loans for $147m.

Latitude Group, a consumer lending company, agreed to acquire Symple Loans, a Melbourne-based personal lending fintech, for $147m. "This is an exciting and important opportunity for Latitude that will accelerate our growth plans. Symple’s scalable platform will enable Latitude to offer a wider range of products and product features in Australia and New Zealand, enter new geographies and significantly reduce costs while delivering superior customer and partner experiences," Ahmed Fahour, Latitude Managing Director and CEO.