Business Loans

Mar
19

What’ll Waddle do with $4m injection?

Small business lender fintech start-up Waddle will step up its efforts to crack overseas markets and take a larger share of the big four bank’s local market share after closing a $4 million series A funding round. The funds, sourced from tech venture capital firm Allectus Capital, will be used to grow the fintech’s footprint […]

By Reposted by Australian FinTech | Borrowing . FinTech . Investing . Lending . Venture Capital
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Mar
18

Five ways to better manage cashflow for your business

Did you know, according to the Australian Securities and Investment Commission (ASIC), 46% of all company failures occurred due to inadequate cash flow in 2015/16? Cash flow is vital to a business, and management should be priority number 1. So how can you better manage cash flow in a business, whether you sell products, provide […]

By Australian FinTech | Borrowing . FinTech . Lending
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Mar
13

Prospa momentum continues as loan originations surpass $1 billion

Prospa, Australia’s number one online lender to small business, is pleased to announce its pro-forma results for H1 FY19. Total loan originations for H1 FY19 were $225 million, up 10% on the forecast of $204 million and up 44% on a pcp basis. Total loan originations for CY18 were $436 million, up 13% on the […]

By Australian FinTech | Borrowing . FinTech . Lending
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Mar
13

An accountant’s guide to comparing Fintech business loans

How can you objectively compare the loan pricing metrics between the different online business lenders and make the most informed decision possible? Assisting your small business clients with finance can be challenging with so many options out there from both banks and newer alternative finance providers. As traditional lenders have tightened their credit conditions and […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending
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Feb
19

SME fund legislation will “fill the void”

The government introduced the legislation last week to establish a $2bn securitisation fund to help small and medium businesses get better access to finance. The fund, which will allow for smaller banks and non-bank lenders to on-lend to SMEs on more competitive terms, was announced towards the end of last year. SMEs can find it […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending
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Feb
13

Big lending fall shows businesses need to investigate crowdfunding options

A significant drop in lending activity during December has illustrated the need for business owners to investigate other ways raise growth funds, including crowdfunding, according to a major Australian crowdfunding platform. According to Australian Bureau of Statistics (ABS) figures which were released today, the value of lending commitments to businesses fell by 9.7 per cent […]

By Australian FinTech | Borrowing . FinTech . Lending
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Feb
07

Neo-lender Wisr sees increase in banking defectors amid Banking Royal Commission

Neo-lender Wisr (ASX:WZR) has launched a bold new campaign targeting disillusioned customers of big banks, following the Hayne Royal Commission handing down its findings into consumer lending practices. The ‘Australia’s Getting Wisr’ campaign taps into the prevailing sense of unfairness that Australians feel towards the big banks and how customers can make smarter choices when […]

By Australian FinTech | Banking . Borrowing . FinTech . Lending
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Jan
29

Prospa contributes $3.65 billion to Australian GDP

Prospa, Australia’s number one online lender to small business, today revealed new research into the economic impact of its lending to small business in Australia. Prospa undertook the economic impact assessment in partnership with RFi Group and the Centre for International Economics (CIE). The project considered the value of funds lent by Prospa over the […]

By Australian FinTech | Borrowing . FinTech . Lending
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