Eight Aussie startups that secured $30.2 million this week
The total amount raised by startups this week may be substantially lower than the past two weeks, but the companies with fresh funding are no less interesting.
Small business lending continues to grow, Australian Banking Association says, as COVID-19 borrowing slump ends
The Australian Banking Association’s 2022 SME Lending Report also found the number of SMEs expanded across Australia despite the difficult economic conditions.
John Durie: For the first time in decades, small business lending is outpacing home loans
As home owners continue to face interest rate hikes, small business lending has powered ahead of home mortgages as the boom growth area for banks.
Changes to the government’s SME loan scheme kick in today. Here’s what SMEs need to know
More SMEs are now eligible to apply for business loans under the federal government’s SME Recovery Loan scheme, but will lending rates under the scheme actually improve?
Evolving lending market boosts access to finance for SMEs: Productivity Commission
New lending models and technology developments over the past decade have led to more financing options for small businesses — and we’re likely only seeing the beginnings of the positive changes for SMEs.
Big banks are neglecting $120 billion need for SME lending, Judo Bank warns
Banks are neglecting the lending needs of SMEs and startups, according to Judo Bank chief executive Joseph Healy.
Judo Bank bags $174 million, as it becomes third-fastest growing SME lender in Australia
SME-focused Judo Bank has secured $174 million in capital as it becomes the third-largest bank lender to the SME sector.
Judo Bank reveals backers behind massive $284 million funding round, amid neobank competition concerns
SME-focused neobank Judo Bank has settled a massive $284 million capital raise, announced late last year, and valuing it at $1.6 billion.
First of the big four: CommBank passes on rate cuts to businesses and homeowners
The first of the big four banks has revealed it will pass on rate cuts and reduce interest on business loans and fixed term mortgages, following the Reserve Bank’s decision to slash the cash rate to a new record low.
Changes to the government’s SME lending scheme open the door to fintechs… but not all the way
The second phase of the COVID-19 SME lending scheme could also open the door to fintechs and alternative lenders.
Xero to acquire Aussie SME lending startup Waddle for $80 million
Sydney-based fintech Waddle is set to be acquired by payroll and accounting tech giant Xero in an $80 million deal.
Four questions for the banks: What the ACCC should investigate in its mortgage pricing inquiry
Treasurer Frydenberg has asked the ACCC to do another inquiry into the banks' pricing practices, and there are four questions it ought to be asking.
