Business Loans

Aug
03

Prospa reports improved demand from SMEs

The FY20 results for non-bank lender Prospa reveal that loan originations saw an uplift in June, following a quiet few months due to COVID-19.

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Jul
30

US fintech to acquire OnDeck

US fintech company Enova has announced that it is to acquire SME lender OnDeck in a transaction valued at approximately US$90 million.

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Jul
29

CML Group makes strategic acquisition of Skippr to enhance tech capability

ASX-listed CML Group advise it has entered into a binding agreement to purchase 100% of the shares in Skippr Invoice Finance

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Jul
27

Online lenders warn SME loan scheme may miss the mark

Australian online lenders have seen little uptake of the federal government’s revamped $40 billion small business guarantee scheme.

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Jul
27

British fintech aims to ride virus tailwind into Australia

British fintech OakNorth, a business lender and provider of credit-risk assessment tech, has just opened an office in Sydney.

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Jul
10

Tradeplus24 taps BDO Corporate Finance for growth equity hunt

Tradeplus24 has hired corporate finance consultants from BDO Corporate Finance to help the company secure $5 million in growth funding.

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Jun
28

Prospa achieves clean sweep at MFAA State Excellence Awards, third year running

Prospa, Australia’s number one online lender to small business, celebrates a clean sweep at the MFAA State Excellence Awards for the third year running.

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Jun
11

Prospa reports strong Q3 but Q4 hard hit by COVID

SME lender Prospa has reported “solid” performance in the March quarter, but revealed it was “materially impacted” by COVID-19.

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