Business Loans

May
17

Prospa announces IPO

Prospa, Australia’s #1 online lender to small business, announces an offer of new shares at an offer price of $3.78 per share to raise $109.6m via an IPO

By Australian FinTech | ASX . Borrowing . FinTech . Investing . Lending
DETAIL
May
15

Federal election will test the business preparedness of most SMEs

Research commissioned by OnDeck Australia confirms what many small business operators already know: A Federal election can be a real pain in the bottom line

By Australian FinTech | Borrowing . FinTech . Lending
DETAIL
May
14

Greensill to challenge Citi with $1.15b boost from Softbank

Rich Lister Lex Greensill says a $1.15 billion equity injection from Softbank, the largest-ever venture capital investment in an Australian private company.

By Reposted by Australian FinTech | Borrowing . FinTech . Investing . Lending
DETAIL
May
13

Smartline adds SME lender to panel

Smartline Mortgage Advisers has brought Prospa onto its lender panel to provide Smartline brokers with greater product choice for clients.

By Reposted by Australian FinTech | Borrowing . FinTech . Lending
DETAIL
May
09

YOZO a quick and open answer to the business lending maze

YOZO is redefining lending for small business by offering a transparent and seamless experience for their borrowing needs.

By Australian FinTech | Borrowing . FinTech . Lending
DETAIL
Apr
17

Federal Election is no Easter treat for Australia’s small business community

New research commissioned by OnDeck, a leading online SME lender, confirms that Anzac Day’s proximity to Easter combined with the upcoming Federal election will negatively impact many SMEs. The stars have aligned for the nation’s employees, who can look forward to a 10-day holiday at the cost of just three days’ annual leave, thanks to [...]
By Australian FinTech | Borrowing . FinTech . Lending
DETAIL
Apr
15

Rejected by banks: SMEs struggle to secure finance

Research commissioned by OnDeck, a leading online SME lender, highlights the problems that small businesses face trying to secure finance. Two out of five SMEs surveyed have sought finance in the past. However, almost one in four (23%) have been knocked back by their bank. Rejection rates rise to 37% among businesses that have been [...]
By Australian FinTech | Borrowing . FinTech . Lending
DETAIL
Apr
15

P2P borrowing up 45% year on year

Recent surveys conducted by ASIC have made it clear that the peer-to-peer (P2P) lending marketplace is continuing to grow in conjunction with the increasing demand for alternative funding sources. During the 2017-18 financial year, new P2P borrowing increased 45% to $433m, and outstanding loans were up 59% to $518m. While these numbers have “increased significantly” [...]
By Reposted by Australian FinTech | Borrowing . FinTech . Investing . Lending . Peer-to-Peer
DETAIL