Will you SME my Valentine? Judo Bank posts love letter to small business clients
Love is all around. Just check the pages of Australia's august newspapers, as Judo Bank shares its Valentine's Day wishes to small business customers.
Tractor Ventures launches 24-hour lending approvals, plans equity fund for 2024
Tractor Ventures CEO Matt Allen opens up about its alternative lending platform, new 24 hour approval process and its upcoming equity fund.
ASIC shapes up as small business sheriff, pledging more action on unfair contracts and dodgy lending
The Australian Securities and Investments Commission has issued its new corporate plan, pledging to crack down on unfair contract terms and dodgy deals offered by big business partners and financiers.
Judo Bank reports seven-fold profit increase, growing SME loan book as it challenges Big Four lending
Significant growth to its loan book underpinned those results, with Judo Bank increasing its SME lending portfolio from $6.1 billion to $8.9 billion.
Small business lender Judo Bank is using automation and AI to bring the fight to the Big Four
Small business lender Judo Bank says its new forays into automation and artificial intelligence will provide customers with insights they could not gain on their own, as the scale-up challenges "industrialised" SME loans offered by the Big Four.
Non-bank lending on the rise, as heightened interest rates squeeze small business
Small business demand for non-bank lending solutions has risen 50% over the last year, business lender ScotPac says, suggesting the time and effort required to obtain traditional financing, along with rising interest rates, are causing entrepreneurs to look further afield.
Milkrun closure a “setback” for Australian e-bike startup Zoomo, but the pedals are still turning
The closure of instant delivery pioneer Milkrun poses a "setback" to Zoomo, the electric bike startup which outfitted the business, but senior leadership says Milkrun's demise won't compromise the Sydney-based firm.
ASIC sues crypto fintech Block Earner, claiming it offers unlicensed financial services
In a legal challenge which could redefine how cryptocurrency platforms operate in Australia, the Australian Securities and Investments Commission has sued Block Earner.
Reserve Bank of Australia issues Melbourne Cup day cash rate hike as inflation bursts out of the gate
One favourite has already come good on Melbourne Cup day after the Reserve Bank of Australia raised its cash rate target 25 basis points to 2.85%.
RBA issues 0.25% cash rate hike, undercutting market predictions on its crusade against inflation
The Reserve Bank of Australia today lifted the cash rate target 0.25% to 2.6%, undercutting market predictions of a sharper 0.5% hike and signalling a slowdown of the central bank's inflation-busting strategy.
Zip counters $1.1 billion loss with claims of reduced cash burn and tighter BNPL lending rules
Zip claims the closure of its UK and Singapore offices, the "retirement" of Pocketbook, and a crackdown on bad debts will help turn the ship around.
“Clouded in uncertainty”: RBA lifts cash rate target to 1.85% as inflation surges
Higher interest payments are on the cards for small businesses and household borrowers after the Reserve Bank of Australia lifted its cash rate target by 0.5% to 1.85% on Tuesday.
