Trade Finance

• John Kavanagh

SME finance company Earlypay reported strong demand for invoice finance, as businesses look for ways to overcome cash flow problems, but it is being much more selective in the face of deteriorating cr.. read more

• John Kavanagh

Business finance company Earlypay is moving on from a disappointing 2022/23 financial year, bulking up the business with the purchase of assets from invoice and trade finance specialist Timelio.  read more

• Banking Day staff

Commonwealth Bank has launched an interest free finance product for solar panel and battery systems. read more

• John Kavanagh

Business loan applications fell by 5.2 per cent in the September quarter – the biggest drop in demand since 2021. read more

• John Kavanagh

A change to bank capital adequacy rules this year, which reduced the risk weighting on SME loans, does not appear to have had any impact on the volume of SME lending by banks. read more

• John Kavanagh

Business finance company Earlypay has suffered a heavy blow from the failure of its biggest secured borrower, with a A$9.6 million specific provision tipping it into loss for the six months to Decembe.. read more

• John Kavanagh

Zip Co’s path to profitability has become more difficult as a result of heavy losses and cash outflows. read more

• John Kavanagh

Earlypay’s biggest secured creditor, building materials company RevRoof, has gone into administration, leaving the finance company with an outstanding exposure of A$29 million. read more

• Banking Day staff

Columbus Capital has priced its fourth Triton series issue of residential mortgage-backed securities for the year, raising A$550 million. read more

• John Kavanagh

Austrac has warned of the growth of trade-based money laundering in its latest financial crime guide and put financial institutions on notice that they must be able to deal with this threat. read more

• John Kavanagh

Retirement income specialist Challenger is considering “all options” as it reviews the place of its recently acquired banking subsidiary within the group. read more

• John Kavanagh

COG Financial Services’ push into lending and ongoing participation in the consolidation of the commercial finance broking market paid off for the company in the year to June, with solid earnings grow.. read more

• George Lekakis

Embattled buy now pay later provider Zip Co has begun pruning its product portfolio as part of an effort to lift the operating performance of the group. read more

• John Kavanagh

Commercial finance broker COG Financial Services has acquired Club Transport Finance, which trades as Chevron Equipment Finance. read more

• John Kavanagh

Business finance company Earlypay has issued A$30 million of notes to fund its move into the trade finance market. read more

• John Kavanagh

Pepper Money is expanding its presence in the asset finance market, with the acquisition of broker Stratton Finance. read more

• John Kavanagh

Australian Finance Group has flagged asset finance as the next market it will target for diversification of its business. read more

• John Kavanagh

Business finance company Earlypay has bounced back from the COVID slowdown, with record results in the December half-year. read more

• John Kavanagh

Commercial finance broker COG Financial Services is extending its move into lending, with the acquisition of funds management business Equity-One Mortgage Fund Ltd. read more

• John Kavanagh

Specialist lender QuickFee suffered a heavy loss in the six months to December as it poured money into what it hopes will be the future growth of the business. read more