http://australianfintech.com.au/ Connecting Australian FinTech Wed, 18 Dec 2024 01:51:25 +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/thousands-of-australian-smes-face-survival-test-as-rising-costs-and-ato-collections-accelerate-insolvencies-scotpac-report/ Wed, 18 Dec 2024 01:51:25 +0000 https://australianfintech.com.au/?p=189355 A quarter of Australian SMEs have conceded they could be tipped into insolvency risk if they suddenly lost just one key client or supplier.]]> https://australianfintech.com.au/smes-planning-to-partner-with-non-bank-lenders-is-set-to-increase/ Tue, 10 Dec 2024 00:37:00 +0000 https://australianfintech.com.au/?p=189297 The share of SMEs planning to partner with non-bank lenders for new investment in the next six months has increased to a record high of 54%.]]> https://australianfintech.com.au/credit-demand-surges-with-94-of-smes-seeking-new-capital-scotpac/ Wed, 20 Nov 2024 02:35:22 +0000 https://australianfintech.com.au/?p=189117 Credit demand is strong for the 40% of SMEs described by their owners or managers as being in a growth phase.]]> https://australianfintech.com.au/scotpac-and-apositive-forge-alliance-to-drive-growth-for-recruitment-and-labour-hire-businesses/ Tue, 16 Apr 2024 03:12:03 +0000 https://australianfintech.com.au/?p=187008 ScotPac and APositive partner to provide a suite of critical services to businesses in the $20 billion recruitment and labour hire sector.]]> https://australianfintech.com.au/scotpac-launches-cash-line-funding-solution-to-turbocharge-sme-cash-flow/ Tue, 12 Mar 2024 22:42:31 +0000 https://australianfintech.com.au/?p=186564 Cash Line operates like a flexible line of credit, providing eligible businesses with fixed-limit credit over a minimum 12-month period.]]> https://australianfintech.com.au/five-strategies-for-smes-to-navigate-record-wage-rises/ Fri, 01 Mar 2024 00:10:06 +0000 https://australianfintech.com.au/?p=186429 There are solutions SMEs can adopt when faced with record wage hikes, including working capital solutions for businesses of all sizes.

]]> https://australianfintech.com.au/two-thirds-of-smes-used-uncapped-instant-asset-write-off-scheme-average-spend-exceeded-90000/ Mon, 29 Jan 2024 00:49:43 +0000 https://australianfintech.com.au/?p=186083 Only 63% of Australian SMEs took advantage of the uncapped Instant Asset Write-Off Scheme in the last financial year.

]]> https://australianfintech.com.au/smes-slow-to-embrace-the-productive-potential-of-ai/ Mon, 15 Jan 2024 23:07:42 +0000 https://australianfintech.com.au/?p=185976 Just 15% Australian SMEs have implemented Artificial Intelligence technology in their business or will do so soon, while 85% have no plans to use AI in their near future.]]> https://australianfintech.com.au/80-of-smes-now-have-a-secondary-working-capital-provider-as-business-investment-plans-hit-four-year-highs/ Tue, 28 Nov 2023 01:12:08 +0000 https://australianfintech.com.au/?p=185577 The insights are contained in the latest round of the country’s longest running SME pulse check, the bi-annual SME Growth Index by ScotPac.]]> https://australianfintech.com.au/scotpac-and-ebury-partner-to-help-australian-businesses-grow-their-global-footprint/ Thu, 23 Nov 2023 01:38:01 +0000 https://australianfintech.com.au/?p=185521 ScotPac and Ebury have announced a new partnership aimed at making trading on a global scale faster and more accessible for all businesses.]]> https://australianfintech.com.au/national-wage-increases-prompt-major-changes-to-sme-staffing-approach-scotpac/ Thu, 09 Nov 2023 01:35:48 +0000 https://australianfintech.com.au/?p=185360 Almost 70% of SME owners plan to reduce their intake of new employees in response to cost pressures following national wage increases introduced in July.]]> https://australianfintech.com.au/sme-growth-forecasts-hit-seven-year-highs-in-wildly-fluctuating-market/ Tue, 24 Oct 2023 01:05:59 +0000 https://australianfintech.com.au/?p=185166 The wildly contrasting predictions are contained in the latest round (Q3, 2023) of the country’s longest running SME pulse check, by ScotPac.]]> https://australianfintech.com.au/scotpac-doubles-online-boost-business-loan-cap-to-500000/ Mon, 16 Oct 2023 03:00:23 +0000 https://australianfintech.com.au/?p=184977 ScotPac has increased the limit of its online Boost Business Loan product from $250,000 to $500,000 in response to strong borrower demand.]]> https://australianfintech.com.au/smes-seek-more-australian-suppliers-in-supply-chain-resilience-plans/ Wed, 05 Jul 2023 22:44:42 +0000 https://australianfintech.com.au/?p=183607 More than a quarter (28%) of Australian SMEs plan to add new domestic suppliers in preference to international suppliers in the next 18 months to build greater supply chain resilience.]]> https://australianfintech.com.au/scotpac-and-dancerace-team-up-to-deliver-faster-world-class-invoice-finance-experience/ Thu, 22 Jun 2023 22:25:52 +0000 https://australianfintech.com.au/?p=183455 ScotPac has taken another big step in its technology-led transformation program by partnering with Dancerace, a global leader in innovative commercial finance platforms.

]]> https://australianfintech.com.au/small-smes-three-times-more-likely-to-use-personal-finance-to-support-their-business-scotpac/ Mon, 29 May 2023 22:54:01 +0000 https://australianfintech.com.au/?p=183107 The findings are contained in the latest round (Q1, 2023) of the bi-annual SME Growth Index by ScotPac, Australia’s leading non-bank business lender.]]> https://australianfintech.com.au/alex-bank-continues-to-expand-with-the-appointment-of-nsw-act-bdm-as-it-reports-growth-of-220-in-the-april-quarter/ Tue, 23 May 2023 00:30:03 +0000 https://australianfintech.com.au/?p=182995 Alex Bank, Australia’s newest digital bank, today announced the appointment of Oyishi Haque as Business Development Manager for NSW/ACT.]]> https://australianfintech.com.au/sme-growth-projections-hit-seven-year-high-of-56-in-two-speed-economy/ Fri, 05 May 2023 03:39:29 +0000 https://australianfintech.com.au/?p=182710 56% of Australian SMEs are forecasting positive enterprise revenue over the next six months - the strongest growth outlook for the sector since March 2016.]]> https://australianfintech.com.au/nsw-smes-hit-hardest-by-rising-wages-and-red-tape-costs/ Thu, 27 Apr 2023 02:23:11 +0000 https://australianfintech.com.au/?p=182573 Rising wages and compliance costs top the list of growing cost pressures for Australian SMEs, with small and medium businesses in NSW the most heavily impacted.]]> https://australianfintech.com.au/nsw-smes-hit-hardest-by-rising-wages-and-red-tape-costs-scotpac-research/ Fri, 24 Mar 2023 00:33:18 +0000 https://australianfintech.com.au/?p=181863 Rising wages and compliance costs top the list of growing cost pressures for Australian SMEs, with small and medium businesses in NSW the most heavily impacted.]]>