Business Loans

Apr
04

Fintech Down Under

Cameron Dart is the CEO of International Fintech, a hub that connects Australian fintech companies to the rest of the world and vice versa. The company recently opened a London “launch pad” office that helps Australian startups expand globally and links startups in other countries to the Australian market. To help shed light on the state of Australian fintech, Benzinga caught up with Cameron Dart for a Q&A about innovation and how fintech solves problems for Australian users. Q&A With Cameron Dart What’s the general “lay of the land” of Australian fintech? The Australian fintech industry as a whole is in its infancy compared to the United States and the […]

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NRMA Business Insurance partners with Prospa to lend a hand to small business owners

With cash flow and financial responsibilities being two of the most common things keeping business owners awake at night, NRMA Business Insurance has entered into a pilot partnership with small business lender Prospa to offer customers a faster, simpler finance solution.   Prospa is an online small business lender and one of the fastest growing technology businesses in the country. It offers small business owners the flexibility and ease of accessing business loans between $5,000 to $250,000 online, with approval within a day.   Through the partnership, NRMA Business Insurance customers can now access Prospa’s lending services alongside other benefits offered by the insurer, such as free online tax and […]

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Mar
14

The Benzinga Global Fintech Awards – entries closing soon

The Benzinga Global Fintech Awards May 11, 2017 in New York, is the premier event in Fintech, celebrating financial innovation from around the world. The Benzinga Awards is a competition to showcase the companies with the most impressive technology, who are paving the future in financial services and capital markets! Applications are still open, so apply now before the March 17 deadline. At the event, you’ll get a first look at groundbreaking technology, innovative platforms, and the chance to network freely with top industry professionals. Over 550 FinTech CEOs, C-suite executives of financial institutions, VCs, press, and others attended the 2016 Benzinga Fintech Awards. 45 exclusive exhibitor spots on the show floor […]

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Feb
27

M&A in online business lending sector tipped as banks move in

Mergers and acquisitions in the alternative small business lending sector are inevitable in 2017 as investors in fledgling start-ups push for scale to achieve profitability faster, according to David Goldin, global chief executive of one of those online lenders, Capify. Mr Goldin is one of several leaders of the alternative finance scene in Sydney for Monday’s AltFi Australasia Summit, which will be addressed by ANZ Banking Group chief executive Shayne Elliott. The Australian Financial Review understands ANZ is conducting due diligence on local SME lender Moula with an eye to forming a partnership that would bring Moula into a network of start-ups that ANZ is building to assist small business […]

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Feb
27

M&A in online business lending sector tipped as banks move in

Mergers and acquisitions in the alternative small business lending sector are inevitable in 2017 as investors in fledgling start-ups push for scale to achieve profitability faster, according to David Goldin, global chief executive of one of those online lenders, Capify. Mr Goldin is one of several leaders of the alternative finance scene in Sydney for Monday’s AltFi Australasia Summit, which will be addressed by ANZ Banking Group chief executive Shayne Elliott. The Australian Financial Review understands ANZ is conducting due diligence on local SME lender Moula with an eye to forming a partnership that would bring Moula into a network of start-ups that ANZ is building to assist small business […]

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Feb
27

Fintech Business Awards winners revealed

The winners of Momentum Media’s Fintech Business Awards 2017 have been announced, acknowledging the achievements of the industry’s leading lights. The premier awards night for the fintech industry, the Fintech Business Awards is dedicated to celebrating the accomplishments of the disruptive businesses and innovators reshaping the way Australians access financial services. This year, Daniel Foggo of RateSetter Australia was recognised with the Fintech Business Excellence Award for individuals, beating out the other individual winners awarded at the event, with financial planning software firm Midwinter taking out the Fintech Business Excellence Award for companies. Over 300 nominations were received for the 18 awards, with the winners selected by a panel of […]

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Feb
20

GetCapital gets capital and aims for fintechs

Online small business lender GetCapital has secured a $100 million debt facility to launch a new brand, aiming to become the mainstream leader in the fintech industry mirrored on the success of Seek and Carsales. GetCapital chief Jamie Osborn said the fintech, or financial technology, industry was at a “tipping point” and the new subsidiary, businessloans.com.au, wanted to be the go-to online small business lender, as Seek was in employment, REA in property and Carsales in vehicles. He added that unlike the banks who were coming under pressure to increase interest rates, GetCapital was experiencing falling funding costs as lenders got more comfortable with credit risks, allowing it to almost […]

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Feb
14

Peer to peer economy now worth over $15 billion a year

Higher levels of consumer trust in the sharing economy, have coincided with a $600 million increase in size over the past six months, according to a newly released report. The bi-annual Sharing Economy Trust Index, produced by peer-to-peer lender RateSetter, showed that trust in ride sharing platforms such as Uber and online marketplaces like eBay have grown the most. “Our research found that trust levels in the sharing economy have increased substantially over the last six months,” said Daniel Foggo, RateSetter CEO. With the sharing economy now worth over $15 billion a year, the study revealed that over two thirds of Australians actively participate in the market – whether by […]

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