The fintechs targeting SMEs
Fintech companies have increasingly started targeting SMEs looking for ways to finance their businesses, but fintechs shouldn’t expect a revolution without a few setbacks. At least, that’s the view of some of the industry’s own experts and participants. With the market having had a few years to run its course, digital lenders, payment platforms and other financial technology firms have been given a warning: change, or face extinction. The changing face of fintech In lieu of more banking alternatives, fintech companies have increasingly started targeting more specific niches. It’s these businesses – not just those offering simple loans – that will end up surviving a glut of entrants, experts say. […]
Australian FinTech marketplace Valiant announces capital raise
Valiant, member of fintech hub Stone & Chalk announced today that the company has completed their seed round capital raising subscription. The $800,000 capital raise was led by fintech venture capital firm Reinventure, supported by H2 Ventures and a selection of prominent angel investors including Mitchel Harad and Vincent Turner. Co-Founders Alex Molloy and Richard Cotton launched the Valiant business loan marketplace in November 2015, with the aim to minimise the angst associated with sourcing, comparing, and securing business loans. Valiant partners with over 26 lenders from across the lending spectrum with more lenders being added monthly. Alex Molloy: “We built the Valiant marketplace to solve a very particular need. Until now, it has been difficult for time poor business owners to quickly […]
