Fundsquire reaches $110 million AUD in SME lending.
Melbourne, Australia (September 2022): Fundsquire, a global fintech and alternative lender, today announced they have reached an SME lending milestone, delivering over $110 million AUD in funding to Australian, UK and Canadian SMEs and startups.
“This is a landmark achievement for Fundsquire, and it’s proof that our tech-enabled, relationship-driven business adds value to early stage founders and companies”. – Damien Petty, Founder and CEO at Fundsquire.
“Grant Advance is a completely new funding solution in Australia, and we’re one of only a handful of companies to do it in Canada and the UK. We offer companies up to 90% of their future grant payments up front, and we’re seeing founders and CEOs jump at the opportunity to fund their grant projects without impacting their operating cash flow.”– Damien Petty, Founder and CEO at Fundsquire.
“Fundsquire was a great way for us to continue funding ourselves and a super easy process away from slower, clunkier banks and lenders. We have had a great experience with the guys at Fundsquire and have just applied for their new product which supports fast growth recurring revenue businesses with marketing costs.” – Tim Demetriou, CEO of the Australia-based Pencil.
“Our technology allows us to scale multiple products, regardless of geographic region, and really put the power into our clients’ hands. As one of the few global fintechs with a multi-product funding offer, we can truly fulfill our goal of being long-term partners for innovative businesses rather than a short-term lender only.”– Damien Petty, Founder and CEO at Fundsquire.