Australian FinTech company profile #25 – Radium Capital
Radium Capital enables companies to receive the R&D tax refund on a quarterly basis rather than wait for their annual refund from the ATO.
Startups turn to R&D rebate loans to counter capital crunch
Billions of dollars of R&D claims are made each year, with startups eligible for a rebate on spending for activities aimed at new product development
US firm triples its stake in Radium
Rocketing growth at a fledgling Perth fintech has prompted its US financial partner to buy a bigger slice of the firm under “a multimillion-dollar” deal. New York-based Brevet Capital has tripled its stake in Radium Capital to 50 per cent by buying stock from the WA group’s seven other shareholders led by company promoter Tony Brennan. Mr Brennan’s son David founded Radium with schoolmate David Weir nearly two years ago to give cash-poor companies quick access to the Federal Government’s research and development rebate. While others also operate in the same space, Radium believes it is differentiated from those rivals by its sole focus on the R&D rebate, proprietary technology […]
R&D finance is safe harbour for fintechs in COVID-19 storm
Radium Capital has seen a 44% jump in the number of Australian fintechs applying for R&D finance advances over the past 12 months.
Here are the finalists for the 2021 Finnies
The Finnies are on again, representing many of the best fintech companies in Australia. Here is a list of the 2021 Finnies finalists.
Australian fintechs pull together to safeguard $1.8bn sector
Diversity and agility are two factors in Australian fintech’s favour as the sector battles to withstand the economic shockwaves from the global pandemic.
Thank You & Merry Christmas!
From the team at Australian FinTech, we’d like to say a massive THANK YOU to everyone who has supported us over the past 12 months.
