Small business invoice lender Waddle is getting new parents, with the Commonwealth Bank taking the fintech off Xero’s hands, three years after the ASX-listed accounting platform acquired the Sydney scaleup in an $80 million deal. Waddle, co-founded in 2014 by Simon Creighton and Nathan Andrews, makes it easier for banks and fintechs to lend to… Read more »
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 »
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.