Retail sector funding rattle by challenging economic climate
Retail businesses are feeling the most pain from the economic slowdown, with loan applications crashing by almost 50 per cent and arrears increasing during the December quarter.
The FinTech Report Podcast: Episode 45: Gino Farina, Principal, The Bondi Broker
The FinTech Report Podcast: Episode 45: Glen Frost interviews Gino Farina, Principal at The Bondi Broker.
Beforepay posts second consecutive quarterly profit and record quarterly revenue
ASX-listed Beforepay have posted its second consecutive quarterly profit of $0.57 million on record quarterly revenue of $9.1 million.
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®.
