SME financier Grapple reaches half billion milestone as activity surges
Australian SME financier Grapple has notched up more than $500 million of processed invoices through its state-of-the-art invoice finance platform. The milestone has been reached following surging activity in 2024, with around half of the $500 million volume done in 2024 alone.
Grapple Founder and CEO Stephen Dawson said, “Australian SMEs are increasingly looking to Grapple for invoice financing solutions as this working capital product grows in popularity in Australia.”
Growth in 2024 has primarily occurred in the core invoice financing services, Grapple Plus, which continues to receive extensive support from SMEs looking for a seamless way to manage working capital. A significant increase in invoice financing is expected in the years to come, with a recent study setting out how the Asia Pacific invoice finance market will almost triple in the next 8 years.
Dawson highlighted, “Grapple has built a proprietary lending platform we are also seeing a lot of enquiries from other lenders who are interested in using the platform as it makes the entire invoice financing process seamless for both the SMEs and lenders. The market, including lenders, brokers and clients, is enthused about our platform due to its ease of use and fast turnaround. We have made significant enhancements this year by adding new features including incorporating AI that improves analysis, risk mitigation, monitoring and compliance capabilities. This all results in a better experience for the client.”
The Grapple team recently welcomed experienced Fintech executive Patrick Rossi to lead Grapple’s SaaS partnerships with key banks and lenders. Patrick has significant experience delivering SaaS platforms to large financial institutions including managing FinTech platform Waddle’s SaaS partnerships, immediately before it was acquired by CBA. Rossi will drive SaaS agreements and partnership opportunities with other lenders and financial services organisations.
“Lenders have an opportunity to uplift their systems to provide a better experience to customers managing their working capital. Grapple’s platform can help them launch a new product offering or enhance their existing working capital solution, while driving efficiency,” Rossi said.
“We are confident that Grapple provides the best bank-grade platform for invoice financing and the $500 million milestone is a testament to the success of Grapple’s platform in the market. We’ve built and stress-tested our highly scalable platform to integrate fully with widely used accounting software providers. With real time and individualised reporting and tracking features, clients and admins can manage the risks in real time,” Patrick Rossi added.
