Moneytech expands team and strengthens offer following record year of growth

Moneytech expands team and strengthens offer following record year of growth

Australia’s leading business growth platform, Moneytech, has made a range of new hires after a record year of growth, including the appointment of Bernard Sircelj as Head of Software Engineering.

Mr Sircelj brings significant experience across IT strategy and product development. Most recently he was Chief Technical Officer at software firm Umbrella Solutions, and he has also held senior technical roles at asset finance solutions provider Insyston.

Moneytech Managing Director Hugh Evans said: “We are delighted to welcome Bernard to the Moneytech team and believe his strategic and technical skillset will be a real asset as we further refine and enhance our digital capabilities.”

Since its launch in 2003, Moneytech has delivered $3.3 billion in finance to Australian businesses – with over $1 billion of that in last 12 months alone. Moneytech has also expanded its referral partner network and dedicated team of BDMs, with eight new hires over the past 18 months.

“These new appointments reflect Moneytech’s considerable growth. We will continue to invest in and add to our capabilities to help tackle a broader range of client needs,” Mr Evans said.

Moneytech is currently one of the fastest organic growth business in the industry, having grown its finance book by 75% in FY 2019.  Moneytech focuses on mid-market firms with revenue between $5 million and $200 million with clients including sports clothing firm BLK and menswear retailer Peter Jackson.

“At Moneytech, we recognise that getting finance is a major pain point for growing businesses. Where many providers are pre-occupied with targeting the ‘S’ in SME, we focus on mid-market clients and tailor our services to their specific needs. Our ability to combine finance and foreign exchange services has seen strong interest among import and export firms in particular,” Mr Evans said.

Moneytech partners with Monoova for payments

In a move set to further strengthen its client offering, Moneytech recently partnered with end-to-end payments provider Monoova to complement its established range of financial services with sophisticated payments technology.

Monoova is the latest Australian non-bank to be connected to the new payments platform (NPP) as an Identified Institution, meaning it can facilitate seamless transactions for Australian businesses in real-time.

“Through our partnership with specialist payments solutions provider Monoova, we are able to offer a powerful combination of finance, foreign exchange and payments using state-of-the-art technology,” said Mr Evans.

“As businesses grapple with changing industry dynamics and ongoing cash flow concerns, Moneytech remains committed to growth and continued innovation so that we can help more Australian businesses replace financial stress with financial opportunity.”