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.
As the statistics show, access to capital can be life or death for a business – but it can be difficult and expensive to obtain.
Fintech startup Study Loans, which looks to help students finance their tertiary education, has secured a $50 million finance facility from an ‘ASX200 finance company’ and launched a $5 million capital raise.
US fintech Credible, founded by Australian Stephen Dash, is raising $67 million (US$50 million) as it lists on the Australian Securities Exchange today.
Study Loans works with the educational institutions to have tuition paid to the organisation as a student progresses through their studies, like the government study loan programs.
Sydney-based fintech zipMoney has announced a strategic partnership with global ecommerce tool Shopify, which will see the startup’s digital wallet solution rolled out to Shopify’s network of merchants.
Online Home Loans is a startup looking to harness AI in order to make a splash in the, well, online home loans industry with their new chatbot, Sophie.
At 11 years old, Nimble is now one of the oldest players in the burgeoning loans market, but the veteran company is based on the Gold Coast and actually first launched with a bricks and mortar storefront.
Fintech startup Sail Funding is bringing airport-grade ID security to SMBs seeking small business loans. The startup has already raised $8 million in funding and is one of eight Australian startups participating in the Tel Aviv Landing Pad program.