Nimble Australia

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Nimble Australia Pty Ltd
Cash Doctors (2005–2012)
Unlisted public company
Founded2005 in Southport, Queensland
  • Greg Ellis
  • Sean Teahan
Area served

Nimble Australia Pty Ltd is an Australian online provider of payday loans, short term loans up to $5,000. It is an online service with an automated loan approval process.[1][2][3][4]


Nimble was co-founded in 2005 under the name Cash Doctors by Greg Ellis and Sean Teahan.[5] It re-branded to Nimble in 2012.[6]

Nimble was the first lending company in Australia to automate their loan approval process through a machine learning algorithm.[7][8] This is a process that is now widely used by short-term loan providers that offer online applications.[9]

Some of its advertising has provoked criticism.[10]

ASIC Investigation

In 2016, Nimble was investigated by Australian Securities and Investments Commission (ASIC) who found that their algorithm didn’t always adequately assess the financial circumstances of loan applicants.[11][12]

As a result of the investigation Nimble agreed to refund 7,000 customers $1.5 million in fees and charges.[13]


  1. Turbet, Hanna Mills (2020-07-19). "Payday lenders in spotlight as spam complaints boom". The Sydney Morning Herald. Retrieved 2021-09-02.
  2. Knight, Anneli (2013-04-02). "Nimble is a new way to access credit". The Sydney Morning Herald. Retrieved 2021-09-02.
  3. Cowie, Tom (2014-09-06). "Rise of the online payday lenders". The Sydney Morning Herald. Retrieved 2021-09-02.
  4. Brito, Sam de (2015-01-03). "Nimble's dumb little loans". The Sydney Morning Herald. Retrieved 2021-09-02.
  5. Knight, Anneli (2013-04-02). "Nimble is a new way to access credit". The Sydney Morning Herald. Retrieved 2018-06-18.
  6. "Nimble Rebranding". The Financial Brand. 2012-12-05. Retrieved 2018-06-18.
  7. "Nimble start-up takes on short-term loans sector". Financial Review. 2013-02-05. Retrieved 2018-06-18.
  8. "Can fintech companies disrupt the big-four banks? » SelfWealth". 12 May 2016. Retrieved 2018-06-18.
  9. "Artificial Intelligence Applications for Lending and Loan Management -". TechEmergence. 2017-12-16. Retrieved 2018-06-18.
  10. Rawlinson, Clare (2015-01-11). "Payday lender under fire for utility bill assistance ads". ABC News. Retrieved 2021-09-02.
  11. Australian Government, Australian Securities and Investments Commission. "16-089MR Payday lender Nimble to refund $1.5 million following ASIC probe". Retrieved 2018-06-18.
  12. Wilkinson, Zoe (2019-10-16). "Nimble rebrands and drops the man in the bunny suit from its ads". Mumbrella. Retrieved 2021-09-02.
  13. "Payday lender Nimble forced to refund $1.5m to customers". ABC News. 2016-03-23. Retrieved 2018-06-18.

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