Xero a lender 26 August 2020 5:51AM Latest news John Kavanagh Accounting software company Xero has entered the finance market, with the acquisition of local invoice finance company Waddle. read more
Supply chain financing abused: ASBFEO 10 February 2020 4:58PM Business lending John Kavanagh The Australian Small Business and Family Enterprise Ombudsman has raised the prospect of regulation of the supply chain finance market unless large businesses and financiers clean up their act. read more
Briefs: LeasePlan sale and RBNZ outsourcing policy 03 February 2017 4:57PM Briefs Banking Day staff LeasePlan looks for a trade sale and the RBNZ spells out the bill for a new outsourcing policy. read more
ANZ signs up fintech to manage business clients' cash flow 14 December 2016 5:52PM Business lending Bernard Kellerman Payment technology provider Invapay has been signed up by ANZ to manage cashflows and credit lines along its small and medium sized businesses customers. read more
Thorn's run of outs continues 17 November 2016 5:08PM Business lending John Kavanagh Thorn Group is working to turn around its trade and debtor finance division, which suffered a 28.2 per cent fall in earnings. read more
Scottish Pacific hit by a borrowing slowdown 15 November 2016 5:03PM Business lending John Kavanagh Debtor finance company Scottish Pacific has warned its shareholders that earnings have been pushed down due to lower than expected borrowing in this financial year. read more
Briefs: Invoice finance company Timelio raises equity capital, website for low doc loans launched. 31 October 2016 4:44PM Briefs Banking Day staff Invoice finance company Timelio has raised A$5 million of equity capital. read more
Scottish Pacific beats prospectus forecast 30 August 2016 4:23PM Business lending John Kavanagh Debtor finance company Scottish Pacific, in its first financial report since listing on the Australian Securities Exchange earlier this year and with three acquisitions in the past year, highlighted t.. read more
Trade payment days rise from record low 27 July 2016 4:22PM Business lending John Kavanagh Businesses took an average of 44.9 days to settle their invoices during the June quarter - the first increase in average payment days since the March quarter last year. read more
Insto-funded fintech biting into 'neglected' SME invoice financing 14 July 2016 3:54PM Invoice finance Bernard Kellerman One of the quiet achievers on the fintech front has been peer-to-peer and marketplace cash flow funding company The Invoice Market - recently rebranded as 'tim'. read more
Briefs: Scottish Pacific shareholders make gains on debut, Rabobank appoints NZ CEO, NAB consolidate 14 July 2016 3:43PM Equity capital markets Banking Day staff Investors in debtor finance company Scottish Pacific made a gain on the company's first day of trading on the Australian Securities Exchange. read more
Scottish Pacific to use float proceeds to ramp up awareness of debtor finance 13 July 2016 4:36PM Business lending John Kavanagh Debtor finance company Scottish Pacific is betting that the growth in its business resulting from several recent acquisitions will give it the size to beef up its marketing and increase awareness of d.. read more
Bigstone the latest entrant in the SME marketplace lending market 15 June 2016 4:52PM P2P & marketplace lending John Kavanagh A new lender has entered the increasingly crowded marketplace and fintech lending sector, offering risk-based pricing and fast turnaround times on small business loan applications. read more
Amex makes a push into trade finance 10 June 2016 4:46PM Business lending John Kavanagh American Express has entered the Australian trade finance market, offering small and medium businesses a payment service for local and international suppliers. read more