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Small business lender Lumi launches following $31.5 million Series A round
The Australian alternative lending space has a new player in its midst, with new offering Lumi launching following the raise of a $31.5 million Series A round.
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Amount of documentation required is holding SMBs back from applying for business loans: report
Part of the reason why SMB owners are choosing to forgo a business loan is the amount of documentation required, with 80 percent stating it was onerous.
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Small business lending fintechs sign on to Code of Lending Practice
A group of fintech lenders have signed a Code of Lending Practice that aims to “standardise transparency and disclosure” around the loans they offer small businesses.
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Prospa delays ASX listing to respond to ASIC queries on loan terms
Small business lending startup Prospa has delayed its ASX listing as it seeks to clarify questions raised by ASIC yesterday around its loan terms.
