Growth capital on demand: we are on track to deploy $50m of capital in FY16. Over the last two years, we've developed a unique marketplace to connect Australia's most ambitious privately owned companies with sophisticated investors on a Pay-As-You-Go basis.
Adopting the sharing approach of Uber and Airbnb, we enable companies to access working capital when it's needed from investors with spare cash looking for a reasonable return. There's a large gap to plug.
We work with SMEs who have large, slow-paying customers. We've adapted a 4,000 year old finance tool invented in Mesopotamia and created a cloud-based marketplace to tap into under-utilised cash. No drama, confidential, online, no hidden fees, no lock-ins - unlike the ancient world of factoring!
We're delighted with progress following our soft-launch earlier this year and are eager to find more growing companies who want to join our platform.