Small-business finance platform enters market
March 12th, 2021 – A new finance platform that allows small businesses to access equity, grants and loans has launched in Australia.
Swoop Finance Pty Ltd (Swoop), which first launched in the UK and Ireland in 2018, has formally opened its first international operations, with a new arm in Australia.
The digital marketplace is a matching platform that aims to assist start-ups and small-to-medium enterprises (SME) in accessing funding across equity, debt, loans and grants.
It seeks to find funding solutions for companies based on its stage of development and business sector. According to the fintech, it also helps SMEs identify savings and cut costs in areas such as banking, foreign exchange, insurance, utilities and broadband.
The platform uses a search algorithm to filter the data and provide businesses with financial resources, information and advice in a “single and integrated hub” for financial management and planning, which it said would eliminate the need to travel.
Written by Mortgage Business
Photo: Global Trade Review
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