Business Loans

Nov
16

Prospa recognised in the Deloitte Technology Fast 50 Australia awards for Leadership

Prospa, Australia’s number one online small business lender, has ranked 5th for Leadership and 20th overall in the 2018 Deloitte Technology Fast 50 Australia Awards. The awards rank Australia’s fastest growing public or private technology companies based on their percentage revenue growth over the last three years (2016-18). To qualify, each company must have minimum […]

By Australian FinTech | Borrowing . FinTech . Lending
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Nov
15

Lumi raises $31.5m to improve small business lending

Australian fintech company and alternative lender Lumi has announced it has raised $31.5 million in Series A funding as part of its plans to give small- and medium-sized enterprises easier access to finance. As a result of the funding, Lumi will become the first pre-revenue fintech business lender to offer a warehouse securitisation program in […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending . Venture Capital
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Nov
14

Morrison government fund offers $2b boost for SME loans

The Morrison government will inject $2 billion into the small business loan market in an unprecedented effort to boost lending to cash-starved firms which have complained of a worsening credit squeeze.The creation of a taxpayer-backed securitisation fund to invest in small and medium enterprise (SME) credit will also potentially expand an asset class for institutional […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending
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Oct
25

Westpac and 255 Finance backing of Octet Securitisation is a boon for SMEs

Digital “Bank Challenger” Fintech, Octet announces additional $100 million Plus facility for supply chain financing Australian fintech, supply chain technology provider and financier, Octet has closed a significant debt market deal with existing partner Westpac and new funder 255 Finance, asset-backed securitisation warehouse facility, north of $100m in size. This kind of funding fire power […]

By Australian FinTech | Borrowing . FinTech . Investing . Lending
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Oct
04

SME lender expands equipment finance

An online lender has expanded its offering of equipment finance, saying it is providing a solution for the “underserved” market of small business owners. OnDeck Capital Australia said it had received feedback from small businesses and brokers about the length of the loans. The lender found that a lot of equipment had useful lives longer […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending
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Sep
27

Wisr shortlisted for two Optus My Business Awards

Australian neo-lender Wisr (ASX: WZR) is in the running to take out one of county’s longest-standing business awards after being shortlisted for the prestigious Optus My Business Awards. Wisr has been shortlisted as a finalist in two awards in the Fintech Of The Year and Business Leader of the Year categories at the 2018 Optus […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending
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Sep
25

FinTech NewGen interviews – Daniel Foggo, RateSetter

Daniel Foggo is CEO of RateSetter Australia and a true Fintech pioneer. He introduced Australia to the marketplace lending (or peer to peer) model back in 2014, paving the way for Fintech to go mainstream. RateSetter turns 4 in October so it seemed like the perfect time for Daniel to reflect on his journey. Read […]

By Reposted by Australian FinTech | Borrowing . FinTech . Investing . Lending . Peer-to-Peer
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Sep
21

Affinity takes Scottish Pacific on first trip into the $4s

Affinity Equity Partners is offering more than $600 million for debtor finance company Scottish Pacific. Street Talk understands the private equity firm’s indicative bid values Scottish Pacific in the “mid to high $4s” a share range, and was made subject to due diligence, funding and the sorts of approvals usually seen when a buyout firm […]

By Reposted by Australian FinTech | ASX . FinTech . Investing
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