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News & Analysis

Xero is getting into business lending, buying Sydney financing startup Waddle for $80 million

- August 25, 2020 2 MIN READ

Accounting software giant Xero Ltd is moving into lending to small business through invoice financing, announcing plans to acquire Sydney startup Waddle for up to $80 million. Xero (ASX: XRO) said the acquisition of the cloud-based lending platform aligns with its strategy to grow the small business platform and to address critical small business financial needs. “Waddle’s… Read more »

Waddle
News & Analysis

Business lending startup Waddle raises $4 million

- March 19, 2019 2 MIN READ

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 »