Business Loans

Apr
11

KPMG: Australia’s AltFin sector worth $1B

KPMG, an advisory and audit company, has released numbers that say Australia has a 32 percent share of the APAC alternative finance market, according to reports. The market has grown 88 percent year over year and it’s worth a total of $1 billion, the company said. This news comes in advance of the fourth edition […]

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

SME lending is a valuable source of diversification for brokers says fintech lender OnDeck Australia

The Banking Royal Commission has highlighted the perils of relying on a single revenue stream, and SME lender OnDeck Australia is urging mortgage brokers to think beyond home loans and diversify into SME lending. Research by commercial lending fintech OnDeck Australia[1] confirms that 25 percent of Australia’s small to medium enterprises plan to seek additional […]

By Australian FinTech | Borrowing . FinTech . Lending
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Mar
28

Show me the Moula

Moula CEO Aris Allegos, tells the story behind the fintech’s multi-million dollar securitisation In early March, online business lender Moula secured an additional $250m in funding to lend to Australian businesses, which was raised through the latest round of a securitisation program launched in 2015. To enhance the impact of the funds on the business […]

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