Business Loans

Feb
13

Big lending fall shows businesses need to investigate crowdfunding options

A significant drop in lending activity during December has illustrated the need for business owners to investigate other ways raise growth funds, including crowdfunding, according to a major Australian crowdfunding platform. According to Australian Bureau of Statistics (ABS) figures which were released today, the value of lending commitments to businesses fell by 9.7 per cent […]

By Australian FinTech | Borrowing . FinTech . Lending
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Feb
07

Neo-lender Wisr sees increase in banking defectors amid Banking Royal Commission

Neo-lender Wisr (ASX:WZR) has launched a bold new campaign targeting disillusioned customers of big banks, following the Hayne Royal Commission handing down its findings into consumer lending practices. The ‘Australia’s Getting Wisr’ campaign taps into the prevailing sense of unfairness that Australians feel towards the big banks and how customers can make smarter choices when […]

By Australian FinTech | Banking . Borrowing . FinTech . Lending
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Jan
29

Prospa contributes $3.65 billion to Australian GDP

Prospa, Australia’s number one online lender to small business, today revealed new research into the economic impact of its lending to small business in Australia. Prospa undertook the economic impact assessment in partnership with RFi Group and the Centre for International Economics (CIE). The project considered the value of funds lent by Prospa over the […]

By Australian FinTech | Borrowing . FinTech . Lending
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Jan
24

Lending Express gets over regulatory hurdle to expand its offering

The fintech also exceeded its own growth expectations, surpassing $100 million in loans matched on its platform. Fintech loans platform Lending Express has today announced it has exceeded $100 million in loans facilitated between small and medium-sized businesses (SMBs) and online lenders. The platform, which matches businesses looking for finance using an innovative LendingScore to […]

By Elizabeth Barry | Borrowing . FinTech . Lending
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Jan
21

US firm triples its stake in Radium

Rocketing growth at a fledgling Perth fintech has prompted its US financial partner to buy a bigger slice of the firm under “a multimillion-dollar” deal. New York-based Brevet Capital has tripled its stake in Radium Capital to 50 per cent by buying stock from the WA group’s seven other shareholders led by company promoter Tony […]

By Reposted by Australian FinTech | Borrowing . FinTech . Investing . Lending
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Jan
17

Capify secures $135 million from Goldman Sachs for SME loans

Capify, a leading Australian alternative SME finance provider has secured a $135 million credit facility from Goldman Sachs Private Capital (“Goldman Sachs”) to support its future growth plans and provide working capital to thousands of Australian SMEs over the coming years. The Sydney-based fintech company will use the new facility to accelerate the growth of […]

By Reposted by Australian FinTech | Borrowing . FinTech . Investing . Lending
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Jan
08

Afterpay is different from competitors, says co-founder

Afterpay has rejected rival Zip Pay’s call for industry-wide responsible lending checks, saying the government shouldn’t take a one-size-fits-all approach to the buy-now, pay-later sector. The rift comes ahead of Afterpay and Zip’s scheduled appearance before a Senate committee later this month in Brisbane where Young Rich listers, Zip’s Larry Diamond and Afterpay’s Nick Molnar, […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending
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Dec
03

APAC Alternative Finance report shows impressive growth

Australia is second only to China in market volume. The alternative finance industry continues to thrive according to the 3rd Asia Pacific Region Alternative Finance Industry Report by KPMG and the Cambridge Centre for Alternative Finance (CCAF) released this week. The global fintech sector has seen $117 billion invested in the last year, with $28 […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending
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