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The company formerly known as Grow Finance, Dynamoney is set to become synonymous with small business finance thanks to new partnerships with global financial institutions.
Dynamoney, formerly Grow Finance, one of Australia’s fastest growing companies has launched its new name and brand today, as the business confirms its plans to embrace further expansion and extend existing partnerships across the global finance sector.
Dynamoney is a leading lending partner for established small to medium sized Australian businesses that are looking to grow, manage cash flow and deal in today’s increasingly complex and competitive operating environment. Dynamoney’s all-online application and approval process uses proprietary technology to assess and approve small business loans within minutes and is set to expand its product offerings.
Commenting on the news, Dynamoney co-founder and co-CEO, David Verschoor said: “We’re excited to launch a new and unique brand to the market as we work to deliver something unique and original to SMEs, designed to power their ongoing growth. The name Dynamoney is a great representation of who we are and what we do – taking a dynamic approach to solving SMEs financial challenges as a partner in their growth. We’re better for business and we’re excited by the opportunity to keep growing.”
Following its first public market securitisation, Dynamoney’s new $300 million pipeline of funding will allow the business to further accelerate its expansion across the Australian market and invest in new products outside of its traditional asset finance and business funding offerings. As part of this expansion, Dynamoney has already announced partnerships with global payments provider Mastercard® and card processing platform Pismo.
“We’re excited to invest in building our new brand beyond traditional finance and have secured the financing we need to continue on our trajectory of growth as we work on launching a series of new products the market hasn’t seen before. This step change in our approach enables us to better support our broker network and the SMEs they work with.” stated Gregory Woszczalski, co-CEO of Dynamoney.
Small to medium sized organisations dominate the Australian business sector, with over 2.5 million operating in 2023, making up more than 98 per cent of all registered businesses as organisations employing up to 199 staff.
From today, Dynamoney will activate revised marketing campaigns as the group plans to launch a series of new products and offerings in 2024 designed to increase their share of the Australian non-bank lending market.
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