Fintech hub Stone & Chalk plans to open a new fintech hub in Melbourne in order to explore how to bring fintech innovation to the agribusiness sector.
Bank funding has burnt many business owners, but as one operator reveals, securing funding for export purposes is much less painful for growing businesses.
The strength of the Australian business sector continued in July, with business conditions rising to their highest level since early 2008.
Prospa has secured $20 million of funding from a Silicon Valley lender, in what the fintech argues is a reflection of the growing need for alternative financing options.
Suncorp Bank has reported that, in the year ending June 2017, its SME loan book rose to $5.72 billion, up by 7 per cent on the prior financial year.
A Sydney-based broker has started securing funding from Asia after seeing the big four banks turn down “perfectly good” deals.
The small business lender has announced that it has appointed two new state-based business development managers (BDMs) to “foster the growth of broker channel”.
Nearly 90 per cent of Australian businesses use information technology for financial purposes such as online banking and making payments, new data has shown.
The amount of commercial finance provided by lenders dropped from $41.7 billion in April 2017 to $41.4 billion in May 2017, figures from ABS have shown.
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