Australia-based SME challenger bank Judo Bank has formed a partnership with InfraRisk, a supplier of credit management solutions to boost SME lending.
Infrarisk is a wholly-owned subsidiary of Pintec Technology Holdings. Judo Bank claims it is the first challenger bank focused on serving small and medium-sized enterprises (SMEs) financing needs in Australia and has been granted a full banking license as an authorised deposit-taking institution (ADI) that has allowed it to launch full deposit-taking capabilities.
Judo offers business loans, lines of credit with variable rates, equipment loans to assist funding of business equipment or vehicle purchases where a charge is taken over the asset. The Australian challenger bank also provides finance leases to assist funding of business equipment or vehicle purchases on a lease arrangement.
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