GetCapital has received approval for an $87.5 million allocation of mezzanine funding by the Australian Business Securitisation Fund (ABSF).
Q2 Cloud Lending helps GetCapital accelerate loans to Small and Medium Enterprises affected by Coronavirus
The Q2 Cloud Lending solution is focused on streamlining and digitising the loan process and can be set up and running within a week.
GetCapital, Australia’s award-winning specialist lender to small and medium sized businesses (SMEs), has announced its appointment to the lending panel of leading aggregator PLAN Australia from 20 August. PLAN is one of Australia’s largest mortgage aggregation groups, with over 1,650 members and a total loan book value close to $70 billion. The aggregator’s commercial and asset finance volumes reached $990 million in the six months to March 2018. The partnership will see GetCapital’s innovative multi-product offering of business loans, equipment finance and trade finance become available on PLAN’s extensive broker network across Australia. “We welcome the opportunity to work with PLAN as part of our commitment to support the growth […]
Leading aggregator Finance & Systems Technology (FAST) has announced the appointment of specialist small business finance provider GetCapital to its lending panel. Founded in 2000, FAST is one of the largest and most established aggregators in Australia, supporting more than 1,300 brokers to arrange over $21 billion in residential and commercial lending for customers annually. Brendan Wright, CEO of FAST, said this latest appointment reinforced the aggregator’s commitment to continually supporting FAST brokers to meet their business clients’ needs. “This announcement is very much aligned with FAST’s strategy to support brokers to cater to SME clients. Business and commercial finance have long been hallmarks of FAST’s unique value proposition, with […]
Online small business lender GetCapital has secured a $100 million debt facility to launch a new brand, aiming to become the mainstream leader in the fintech industry mirrored on the success of Seek and Carsales. GetCapital chief Jamie Osborn said the fintech, or financial technology, industry was at a “tipping point” and the new subsidiary, businessloans.com.au, wanted to be the go-to online small business lender, as Seek was in employment, REA in property and Carsales in vehicles. He added that unlike the banks who were coming under pressure to increase interest rates, GetCapital was experiencing falling funding costs as lenders got more comfortable with credit risks, allowing it to almost […]
The Australian lender is now able to service New Zealand SMEs through a Lending as a Service partnership. GetCapital, a leading Australian fintech lender that specialises in small- to medium-sized businesses, is expanding internationally through a strategic partnership. The partnership with New Zealand lender Avanti Finance will see the licensing of GetCapital’s technology and underwriting via a Lending as a Service (LaaS) model. This is believed to be a first for an Australian lender. GetCapital‘s CEO Jamie Osborn said expanding into the New Zealand market was the next logical step. “With the large number of SMEs in New Zealand facing the same challenges as the Australian market, we are excited […]