Sydney fintech Waddle, which provides invoice financing for small to medium enterprises (SMEs) has raised $4 million in Series A funding from Allectus Capital. With the company in 2017 securing a $50 million wholesale facility, the funding will go towards scaling Waddle across Australia and accelerating the integration of its global financial services partners. Founded… Read more »
Online lender MoneyMe raises $120 million securitisation facility as Waddle raises $50 million in debt funding
MoneyMe has raised a $120 million asset-backed securitisation facility, while business-focused lender Waddle has raised $50 million in debt funding.
Sydney fintech startup Waddle has closed its first external funding round, raising debt funding to facilitate $30 million dollars in loan volume over the next 12 months.
Waddle’s receivables-based online lending platform integrates directly with existing cloud accounting providers – also referred to as the ‘financial web’ – and allows SMEs to draw down funds against newly-created invoices in real-time.