Business Loans

Jan
17

Capify secures $135 million from Goldman Sachs for SME loans

Capify, a leading Australian alternative SME finance provider has secured a $135 million credit facility from Goldman Sachs Private Capital (“Goldman Sachs”) to support its future growth plans and provide working capital to thousands of Australian SMEs over the coming years. The Sydney-based fintech company will use the new facility to accelerate the growth of […]

By Reposted by Australian FinTech | Borrowing . FinTech . Investing . Lending
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Jan
08

Afterpay is different from competitors, says co-founder

Afterpay has rejected rival Zip Pay’s call for industry-wide responsible lending checks, saying the government shouldn’t take a one-size-fits-all approach to the buy-now, pay-later sector. The rift comes ahead of Afterpay and Zip’s scheduled appearance before a Senate committee later this month in Brisbane where Young Rich listers, Zip’s Larry Diamond and Afterpay’s Nick Molnar, […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending
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Dec
03

APAC Alternative Finance report shows impressive growth

Australia is second only to China in market volume. The alternative finance industry continues to thrive according to the 3rd Asia Pacific Region Alternative Finance Industry Report by KPMG and the Cambridge Centre for Alternative Finance (CCAF) released this week. The global fintech sector has seen $117 billion invested in the last year, with $28 […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending
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Nov
16

Prospa recognised in the Deloitte Technology Fast 50 Australia awards for Leadership

Prospa, Australia’s number one online small business lender, has ranked 5th for Leadership and 20th overall in the 2018 Deloitte Technology Fast 50 Australia Awards. The awards rank Australia’s fastest growing public or private technology companies based on their percentage revenue growth over the last three years (2016-18). To qualify, each company must have minimum […]

By Australian FinTech | Borrowing . FinTech . Lending
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Nov
15

Lumi raises $31.5m to improve small business lending

Australian fintech company and alternative lender Lumi has announced it has raised $31.5 million in Series A funding as part of its plans to give small- and medium-sized enterprises easier access to finance. As a result of the funding, Lumi will become the first pre-revenue fintech business lender to offer a warehouse securitisation program in […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending . Venture Capital
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Nov
14

Morrison government fund offers $2b boost for SME loans

The Morrison government will inject $2 billion into the small business loan market in an unprecedented effort to boost lending to cash-starved firms which have complained of a worsening credit squeeze.The creation of a taxpayer-backed securitisation fund to invest in small and medium enterprise (SME) credit will also potentially expand an asset class for institutional […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending
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Oct
25

Westpac and 255 Finance backing of Octet Securitisation is a boon for SMEs

Digital “Bank Challenger” Fintech, Octet announces additional $100 million Plus facility for supply chain financing Australian fintech, supply chain technology provider and financier, Octet has closed a significant debt market deal with existing partner Westpac and new funder 255 Finance, asset-backed securitisation warehouse facility, north of $100m in size. This kind of funding fire power […]

By Australian FinTech | Borrowing . FinTech . Investing . Lending
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Oct
04

SME lender expands equipment finance

An online lender has expanded its offering of equipment finance, saying it is providing a solution for the “underserved” market of small business owners. OnDeck Capital Australia said it had received feedback from small businesses and brokers about the length of the loans. The lender found that a lot of equipment had useful lives longer […]

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