Australian FinTech company profile #115 – Capify
1. Company Name: Capify
2. Website: www.capify.com.au
3. Key Staff & Titles:
David Goldin | Founder, President & CEO
John deBree | Managing Director
Garry Turner | General Manager Sales & Operations
Stjepan Puljic | Head of Strategic Partnerships
Sabbir Mohammed | Head of Risk and Operations
Joel Gavin | Head of Collections
Nandita Graham | Senior Marketing Manager
4. Location(s): Australia and UK
5. In one sentence, what does your fintech do?:
Capify is an alternative lender providing small Australian businesses access to funds between $5,000 to $300,000 for any business purpose within 24 hours.*
6. How / why did you start your fintech company?:
Capify was established over 12 years ago when many small and medium businesses were struggling to navigate the global financial crisis. Adopting a customer-centric focus on service and simplicity, our mission is to help small businesses by providing simple, quick and responsible access to business funds. With our philosophy, we work together to create the most flexible and accessible commercial business loans for our clients.
7. What is the best thing your company has achieved or learnt along the way (this can include awards, capital raising etc)?:
Capify is deemed one of the top alternative lenders within Australia. We’ve been established and going strong for a lot longer than our current competitors which is a testament to our resilience. Other than helping thousands of Australia businesses grow by proving urgent funding, we secured a $135 million credit facility from Goldman Sachs in 2019 and another $14 million in 2020 in the midst of a global pandemic (COVID-19).
8. What’s some advice you’d give to an aspiring start-up?:
Build up a good network pf partners that can help support your business growth. Work with people who have the same business ethics and a hunger for success.
9. What’s next for your company? And are you looking to expand overseas or stay focussed on Australia?:
Capify is continuously looking at ways to grow our business. Whether that’s through product development or diversification, we are dedicated to becoming Australia’s number one alternative lender for all small businesses. We recently relaunched our unique Merchant Cash Advance solution, allowing businesses to borrow against their future credit card/EFTPOS transactions and are working on launching another new exciting product for our partners.
10. What other fintechs or companies do you admire?:
Given the global pandemic we’re still trying to survive, we admire the small businesses we are helping not only survive, but grow. Their resilience to keep going instead of giving up is an inspiration to us to keep doing our best to support them.
11. What’s the most interesting or funniest moment that’s happened in your company’s lifetime?:
Like most companies in 2020, the most interesting experience Capify has gone through is surviving COVID shut-down. It has been a challenging period for both us and our customers, but we can now see the light at the end of the tunnel and are focusing all our energy on future growth of our business.
*Disclaimer: Subject to Capify’s standard credit assessment and terms & conditions