Radium Capital enables companies to receive the R&D tax refund on a quarterly basis rather than wait for their annual refund from the ATO.
Billions of dollars of R&D claims are made each year, with startups eligible for a rebate on spending for activities aimed at new product development
Rocketing growth at a fledgling Perth fintech has prompted its US financial partner to buy a bigger slice of the firm under “a multimillion-dollar” deal. New York-based Brevet Capital has tripled its stake in Radium Capital to 50 per cent by buying stock from the WA group’s seven other shareholders led by company promoter Tony Brennan. Mr Brennan’s son David founded Radium with schoolmate David Weir nearly two years ago to give cash-poor companies quick access to the Federal Government’s research and development rebate. While others also operate in the same space, Radium believes it is differentiated from those rivals by its sole focus on the R&D rebate, proprietary technology […]
Diversity and agility are two factors in Australian fintech’s favour as the sector battles to withstand the economic shockwaves from the global pandemic.