Lobbying for Small Business

Code of Lending Practice launched by fintech SME lenders

Code of Lending Practice launched by fintech SME lenders

Fintech lenders Capify, GetCapital, Moula, OnDeck, Prospa and Spotcap have collaborated with the Australian Finance Industry Association, the Australian Small Business and Family Enterprise Ombudsman, theBankDoctor.org and FinTech Australia to produce a Code that will improve transparency and disclosure in this important alternative source of debt funding for Australian SMEs. The Code will inform SMEs […]

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Prospa IPO exposes lack of transparency in the unregulated non-bank SME lending market.

Prospa IPO exposes lack of transparency in the unregulated non-bank SME lending market.

Prospa’s impressive growth trajectory is set to receive a boost when it becomes Australia’s first online small business lender to list on the ASX. But the prospectus exposes issues of transparency for the acknowledged market leader in what is a largely unregulated market. Propsa will raise $146m of new capital of which $100m will fund […]

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Improving transparency in the fintech business lending market

Improving transparency in the fintech business lending market

theBankDoctor, Kate Carnell & Fintech Australia have published a detailed report on improving transparency in the fintech business lending sector. This project has been twelve months in the making and represents a line in the sand on industry self regulation which is needed to ensure this rapidly emerging sector fulfills its potential of becoming a […]

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Shining a light on the SME fintech lending market

Shining a light on the SME fintech lending market

theBankDoctor.org, Kate Carnell, the Australian Small Business & Family Enterprise Ombudsman (ASBFEO) & Danielle Szetho, CEO of the industry association Fintech Australia (FA) have published a detailed report on improving transparency in the fintech business lending sector. This project has been twelve months in the making and represents a line in the sand on industry […]

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Australian SMEs need & deserve a borrowers’ Bill of Rights

Australian SMEs need & deserve a borrowers’ Bill of Rights

Predatory lenders exist in the SME space just like the payday personal lenders. The risk is the less scrupulous operators will spoil an exciting new source of SME funding.  American small business borrowers now have a Bill of Rights which will afford significant protection from predatory lenders. US lenders which join the Responsible Business lending […]

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