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SME Lending Revolution - Early Growth Capital Raising

Categories Securities, Unissued Securities
Sale Type Asking Price
Price Guide AUD Capital raise of A$1.5M @ A$1.00 per share
Status: Closed

Summary:

The Company is a FinTech Start-Up offering an online SME lending platform to meet the growing market demand for unsecured SME loans. Through its lending partners, the company offers customised finance solutions with flexible terms, fast turnaround times and competitive payment options. Loans can be approved within 60 seconds, funded within 24hrs and will be made available unsecured.

The company is capital light, as it isn’t directly funding the loans. Rather, it builds the sales pipeline, runs the tech platform and handles the administration and risk assessment.The business is currently partnered with 14 SME lenders, that provide solutions across the full risk spectrum, and is very close to its launch date.

Whilst the company is not currently totally operational, it is dealing with enquiries and some SME loan opportunities. To date, it has processed ~$1m in loans which primarily came from some early testing used to validate the business model.

The management team is capable and experienced, with the CEO being the former CEO of eChoice, the largest on-line mortgage business in Australia.

The company is looking to raise up to $1.5m (pre-money val of $7.5m) primarily for Sales and Marketing, as well as continuing to build on the tech which drives the platform.

 

 

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