Business Loans

Feb
28

Reckon smashes $10 million loan milestone for Aussie small businesses

Australian cloud accounting provider Reckon’s (ASX:RKN) strategic partnership with leading fintech outfit Prospa has hit yet another milestone for the burgeoning non-bank finance sector, delivering over $10 million in funds to small businesses across the country within its first 18 months. The continued growth of the Reckon Loans platform further cements the role of small […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending
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Jan
04

Can a fintech lending firm disrupt the big four?

If Australian banking needs a fundamental shake-up, it may come from insiders-turned-outsiders, and few fit that bill better than Jason Yetton at SocietyOne. As CVs for Australian bankers go, Jason Yetton’s background doesn’t quite scream ‘disruptor’. High-flyer perhaps, certainly ambitious and across trends. But helming a startup? Yetton started out in 1992 as a graduate […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending . Peer-to-Peer
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Dec
28

Australian FinTech Tyro launches SMB services

Australian bank Tyro is introducing new services for its small- and medium-sized business (SMB) customers. The new services include lending products, reports in The Adviser said, that provide SMB borrowers flat-fee business loans that can be provided in minutes. The FinTech is also providing banking services via SMB deposit accounts that integrate with cloud accounting […]

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

Wary banks to enter fintech waters

While larger financial institutions have traditionally stayed out of the fintech space, this could soon change, according to some of Australia’s leading experts. “To date I’ve actually taken the view that I don’t think the banks have really played much in this space because it’s disruptive and it’s easier for them to not necessarily add […]

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

10 Australian Fintech companies in the 2017 Fintech100

The Fintech100 represents the most innovative companies, creating products and services at the juncture of technology and financial services who are seeking to disrupt the existing processes and products that dominate the marketplace, with fintech companies from 29 countries featuring in this year’s 100. Congratulations to the Australian Fintech companies who made the H2 Ventures […]

By Australian FinTech | Borrowing . Currency . FinTech . Insurance . Investing . Lending . Mortgage . Payments
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Oct
17

MyDeal partners with Prospa on new business loans service

Online retail marketplace MyDeal.com.au has launched a business loans service in partnership with fintech lender Prospa, offering unsecured loans which it claims will accelerate the growth of retailers. According to MyDeal Marketplace, retailers who list their products through it can now apply for a business loan of up to $250,000 directly through their supplier management […]

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Sep
29

Alternative Finance: Australia becoming regional leader

Australia’s alternative finance market has grown by 53% over 12 months according to a report released by KPMG, becoming the second largest in the Asia-Pacific region. The report revealed Australia’s alternative finance market increased from US$27 million in 2015 to US$610 million in 2016 as Aussies turn to peer-to-peer lending (P2P), balance sheet business lending […]

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Sep
22

Australia’s Alternative Finance Future goes from strength to strength

Australia is emerging as a regional leader in the $300bn global Alt-Fi market. Alternative finance (or Alt-Fi) is a catch-all phrase used to describe emerging, digital financial services models such as peer-to-peer and marketplace lending (business and consumer finance), crowdfunding and invoice lending. However, for Australia to stay ahead greater consumer and business awareness is […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending . Peer-to-Peer
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