Non-bank lender Moula has raised $20 million in Series D equity funding to scale up its business lending. The round for the Melbourne fintech, which offers same-day, short-term loans worth $5,000-$500,000, was led by Escala Partners supported by existing shareholders Liberty Financial and Acorn Capital. Moula previously raised $30 million in 2015. Co-founder and CEO Aris Allegos (pictured above)… Read more »
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.
Lending startup Moula, which provides small businesses with up to $250,000 in loans based on their data, has today announced the addition of Chris Ridd, former managing director of Xero, to its board as it gears up for growth.
Melbourne FinTech startup MoneyPlace launches offering consumers up to $35,000 in peer-to-peer loans
Melbourne FinTech startup MoneyPlace has launched after becoming just the second peer-to-peer money lender to attain a full licence from ASIC. The startup, founded by former NAB executive Stuart Stoyan last year, will provide unsecured consumer loans from $5000 to $35,000, with rates starting at 8.9 percent. The rates are determined through risk-based pricing, with loans offered by wholesale and retail investors.
Startup Moula vs. PayPal Working Capital: Both want to provide SMBs critical short-term capital, but which is better?
Melbourne-based entrepreneurs Aris Allegos and Andrew Watt are the brains behind an infant startup Moula, which functions as an online funding platform for small businesses to access critical short-term capital.