Two-thirds of SMEs used uncapped Instant Asset Write-Off Scheme: Average spend exceeded $90,000
Only 63% of Australian SMEs took advantage of the uncapped Instant Asset Write-Off Scheme in the last financial year.
Prospa to acquire Australian business loan portfolio from fellow fintech Zip
Prospa have announced that it has entered into an agreement to acquire the Zip Business loan portfolio for approximately $15.6 million.
Lumi joins COG Aggregation and Platform Finance’s lender panels
Lumi has joined the lending panels of COG Aggregation and Platform Finance, giving brokers a broader range of innovative funding solutions to better serve their SME and self-employed clients.
Funding bolsters its BDM team
Funding has bolstered their NSW BDM team, welcoming Lauren Severino and Sam Hermon to service the growing need for bridging and construction lending in the state.
Centrix delivers financial data win for New Zealand borrowers and lenders, powered by Envestnet® | Yodlee®
In a win for New Zealand borrowers and lenders, Centrix will be switching on live bank data feeds, powered by global data aggregator Envestnet®| Yodlee®.
Inaugural Banjo Barometer Report reveals 30 per cent spike in SME loan applications
Manufacturing, retail and transport businesses fuelled a surge in loan applications in the first quarter of FY24 according to the first Banjo SME Business Barometer Report.
Fifo Capital innovates SME finance, earns high commendation at Finder Awards
Fifo Capital have announced its recent recognition with a high commendation in the “Best Lending Solution” category at Finder’s Innovation Awards.
ScotPac doubles online Boost Business Loan cap to $500,000
ScotPac has increased the limit of its online Boost Business Loan product from $250,000 to $500,000 in response to strong borrower demand.
