Panthera Finance
The business, the turning points, and the decisions behind them.
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Sections to complete:02 · 05
01 / WHAT IT BUILT
What the company did
Panthera Finance Pty Ltd was an Australian debt buyer and collector founded in 2010 in Toowong, Queensland, described as Australia's largest privately owned debt-collection firm. It purchased non-performing debts from banks, telecoms, automotive and power companies at a discount, then worked with individuals to manage and repay them. Its staff shrank from about 107 to 77 employees.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Founded
Panthera Finance was founded in 2010 in Toowong, Queensland as a debt purchase and collection company.
- Harassment ruling
The Federal Court ordered Panthera to pay $500,000 for harassing three consumers over debts they did not owe, plus $100,000 to the ACCC's legal costs; the ACCC had received over 100 complaints about the company in two years.
- Portfolio transfer
Panthera transferred a significant debt portfolio to Pioneer Credit Limited in 2023.
- Administration and acquisition
After Victoria regulators confirmed a five-year restriction on Panthera's state operations following the harassment rulings, financial backers Brookfield placed the company in administration; in December 2024 Parramatta-based Francom Group bought Panthera Finance.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
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Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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