http://australianfintech.com.au/ Connecting Australian FinTech Mon, 29 Apr 2024 15:19:13 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://australianfintech.com.au/wp-content/uploads/sites/7/2015/06/logo-words-orange-background-small-50x50.png http://australianfintech.com.au/ 32 32 https://australianfintech.com.au/capify-secures-194-million-credit-facility-from-pollen-street-capital/ Mon, 29 Apr 2024 14:25:49 +0000 https://australianfintech.com.au/?p=187115 Leading online SME lender Capify has today secured a $194 million credit facility from Pollen Street Capital.]]> https://australianfintech.com.au/capify-announce-new-growth-phase-as-ash-yazdani-is-appointed-marketing-director/ Wed, 03 Apr 2024 20:00:00 +0000 https://australianfintech.com.au/?p=186865 Leading online SME lender, Capify, has appointed Ash Yazdani to oversee its marketing and customer experience functions across Australia and the UK. 

]]> https://australianfintech.com.au/leading-sme-finance-provider-capify-breaking-new-ground-with-the-launch-of-their-exclusive-solution-for-finance-brokers/ Tue, 06 Apr 2021 04:18:46 +0000 https://australianfintech.com.au/?p=169674 Capify are introducing a unique offer that allows finance brokers greater flexibility, choice and control over the finance solutions they provide to clients.]]> https://australianfintech.com.au/capify-launches-new-covid-flexible-loan-solution-to-support-businesses-in-their-covid-recovery-growth-phase/ Mon, 22 Mar 2021 21:19:26 +0000 https://australianfintech.com.au/?p=169492 Capify's COVID Flexible Loan is an adaptable, short-term finance solution designed to give business owners peace of mind during such uncertain times.]]> https://australianfintech.com.au/australian-fintech-company-profile-115-capify/ Mon, 11 Jan 2021 22:51:35 +0000 https://australianfintech.com.au/?p=152508 Capify is an alternative lender providing small Australian businesses access to funds between $5,000 to $300,000 for any business purpose within 24 hours.]]> https://australianfintech.com.au/capify-a14-million-equity-round-continued-support-goldman-sachs-merchant-banking-division/ Tue, 29 Sep 2020 23:41:32 +0000 https://australianfintech.com.au/?p=145149 Capify announce it has closed a A$14 million equity round with continued support from Goldman Sachs Merchant Banking Division.]]> https://australianfintech.com.au/how-non-bank-lenders-are-pivoting-amid-covid-19/ Tue, 07 Apr 2020 02:58:37 +0000 https://australianfintech.com.au/?p=119118 The non-bank sector in Australia has been particularly hurting as wholesale funders and investors reduce their risk appetites.]]> https://australianfintech.com.au/capify-founder-tips-australian-fintech-consolidation-potential-acquisitions/ Tue, 11 Feb 2020 22:26:09 +0000 https://australianfintech.com.au/?p=93152 Australia's fintech sector is ripe for consolidation says Capify founder and chief executive David Goldin as he sizes up potential acquisitions.]]> https://australianfintech.com.au/thank-you-merry-christmas-2-2/ Wed, 19 Dec 2018 22:59:00 +0000 https://australianfintech.internationalfintech.com/thank-you-merry-christmas-3/ From the team at Australian FinTech, we’d like to say a massive THANK YOU to everyone who has supported us over the past 12 months.]]> https://australianfintech.com.au/australias-first-online-small-business-lender-launches-new-affiliate-marketing-portal/ Tue, 17 Sep 2019 21:42:51 +0000 https://australianfintech.com.au/?p=42638 Capify, Australia’s most experienced Fintech online business lender, has launched its new Affiliate Marketing portal this week.]]> https://australianfintech.com.au/capify-secures-135-million-from-goldman-sachs-for-sme-loans/ Wed, 16 Jan 2019 22:32:30 +0000 https://australianfintech.com.au/?p=19680 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 its lending business to Australia SMEs through its business loan and merchant cash advance (MCA) products. Capify has been active in Australia since 2008, executing over 7,500 transactions for Australian SMEs seeking business financing and most recently celebrated its ten-year anniversary. “This is a landmark achievement for Capify and we are very pleased that we […]]]> https://australianfintech.com.au/top-seven-fintech-business-lenders-compliant-with-new-code-of-conduct/ Sun, 06 Jan 2019 22:32:58 +0000 https://australianfintech.com.au/?p=19507 The seven largest online small business lenders have opened themselves to scrutiny by an independent oversight committee]]> https://australianfintech.com.au/raising-bar-sme-lending/ Sun, 09 Sep 2018 23:15:04 +0000 https://australianfintech.com.au/?p=17538 For those who work in the finance industry, there appears to be no shortage of lenders and loans in the marketplace. However, for those running Australia’s 2.1 million small and medium-sized enterprises, it can be difficult to see the wood for the trees. With the intention of addressing this, in July six fintechs signed the Code of Lending Practice, a document designed to bring transparency and clarity to the online balance sheet lending space. An initiative of the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) and FinTech Australia, key elements include the introduction of a pricing comparison tool allowing customers to compare the cost of unsecured loans from the signatories; […]]]> https://australianfintech.com.au/ondeck-australia-secures-75m-credit-suisse-loan/ Tue, 24 Jul 2018 23:13:35 +0000 https://australianfintech.com.au/?p=16640 Small business lender OnDeck Australia has secured a $75 million funding line from Credit Suisse, the latest partnership between fintech players and established institutions. The subsidiary of the New York-listed OnDeck Capital said the asset-backed revolving credit facility would be used to refinance OnDeck Australia’s loan book and to fund new loans. The facility is due to mature in June 2020. On Deck Australia managing director Cameron Poolman said the lender was striving to lower its cost of funding, origination and to build a “leading credit model”. He said the online small business lending market is growing at a faster pace than it did in the US at a similar stage in […]]]> https://australianfintech.com.au/fintech-business-lenders-sign-code-lift-transparency/ Sun, 01 Jul 2018 03:27:33 +0000 https://australianfintech.com.au/?p=16282 Six fintech start-ups that lend to small business have signed a ”code of lending practice”, a move the small business ombudsman says will improve transparency and protect SMEs by requiring the online lenders to disclose standardised pricing and fairly resolve disputes. Prospa, which pulled an ASX float this month on concerns about its transparency, is a signatory to the code, along with Spotcap, Capify, GetCapital, Moula, OnDeck. They will be compliant by the end of the calendar year. The code will be enforced by an independent committee to be set up by the Australian Finance Industry Association. AFIA has helped write the code, alongside the Australian Small Business and Family […]]]> https://australianfintech.com.au/prospa-raises-20m/ Thu, 27 Jul 2017 23:16:32 +0000 https://australianfintech.com.au/?p=11316 https://australianfintech.com.au/global-sme-lender-picks-fight-with-p2p-lenders/ Wed, 02 Mar 2016 23:09:20 +0000 http://australianfintech.com.au/?p=5491 Global small business lender Capify claims peer-to-peer lenders will suffer more than most during a downturn because they lend to risky borrowers for too long, but P2P lenders say the evidence doesn’t stack up. New York-based Capify lends to small business in the US, Canada, Britain and Australia. It introduced so-called merchant cash advances to Australia in 2008 under the name AusVance, which involves a business giving up future credit card takings in return for credit. Founder David Goldin claims most marketplace or P2P lenders that have sprung up during a period of rock bottom interest rates and low funding costs will not survive a downturn, whereas Capify made it […]]]> https://australianfintech.com.au/fintech-firm-getcapital-ties-up-with-chinas-alibaba-the-australian/ Sun, 11 Oct 2015 23:30:16 +0000 http://australianfintech.com.au/?p=4789 In its last financial year, Chinese e-commerce giant Alibaba generated $US394 billion ($537bn) of transactions on its platforms as businesses around the world sourced and sold a bewildering range of goods. It is the sort of number that has not been missed by the swarm of new fintech (financial technology) companies scouring for partners to increase the number of customers. After flying under the radar since its formation in early 2013, GetCapital, a fintech that lends to small businesses, will today unveil a deal with Alibaba in which Australian importers and exporters can get finance on the platform. The company hopes to help businesses that struggle to get working capital […]]]> https://australianfintech.com.au/company/capify/ Tue, 28 Jul 2015 06:15:22 +0000 http://australianfintech.com.au/?post_type=u_project&p=4197 Access unsecured business loans with flexible repayments up to $300,000 with fast approvals and funds in account possible within 24 hours.]]>