Card payments company Square is set to roll out Square Loans in Australia, a program designed to help small businesses grow by giving them quick and simple access to funds.
Sydney-based payments provider Monoova is partnering with fintech lender Jacaranda Finance to deliver faster payments processing times, in a move designed to enable Jacaranda to deliver an improved loan experience to its customers.
Australian biggest customer-owned bank, Heritage Bank, has partnered with global information services company Experian to set up a loans origination platform that will reduce the loan processing time by up to 80%.
Australia’s competition regulator the ACCC has granted interim authorisation for members of the Australian Securitisation Forum (ASF) to work together to assist smaller lenders to maintain liquidity and issue loans to consumers and small businesses during the “economic disruption” caused by the COVID-19 pandemic.
New Zealand’s competition regulator, The Commerce Commission, is taking online money lender NZ Fintech — trading as Moola — to court alleging the company breached the lender responsibility principles in the Credit Contracts and Consumer Finance Act.
National Australia Bank has pledged to allocate $2 billion in funding over five years to help emerging technology companies build and grow their businesses.
An entirely paperless and AI-powered commercial lending platform, designed for both brokers and borrowers, has been launched in Australia, with several million dollars and three years invested in its development to date.
Small business growth in Australia is being stifled by a funding gap, as businesses struggle to secure loans, according to claims by new research which also suggests small businesses could borrow as much as $80 billion over the next 12 months, if they could get the funding.
The NSW Government has backed Sydney software company Momentum Cloud’s national and international expansion and the company’s plans to create 92 jobs over five years in the state.
Australian loan bidding platform, LoanDolphin, has raised $1.1 million from key investors, with the funds to be used to expand its presence in capital city markets and in a bid to claim a stake in Australia’s $1.5 trillion home loan market.
Fintech platform revenues for unsecured consumer loans issued using machine learning technology are set to jump by a whopping 960% globally over the next six years, according to new research from Juniper.
Customers of multi-currency payment system Pin Payments will have access to lending services of online provider of unsecured loans, Moula, in a deal put together by the two companies.
The competition watchdog has warned small businesses about the alleged misconduct of the Australian Business Funding Centre — also known as Australian Business Financing Centre (ABFC) — which operates the government website and data base for government grants and loans.
TV is awash in ads offering loans because you’ve laminated your cat, swallowed a trumpet or turn into a zombie ghost on holiday, but should you resist temptation?
Payments provider eWAY has launched a new online small business loan program which it says provides retailers with up to $100,000 in finance in just 7 minutes.
Non-bank commercial loan manager Balmain has selected NEXTDC’s S1 Sydney data centre to host cloud services and some production, client-facing systems.
Cloud accounting software company Xero has established integration agreements with financial services providers to facilitate access to services and loans for small businesses.
PayPal has provided Australian small businesses with access to funding to help them grow their businesses with the launch of its new loan product Working Capital.
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