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Moneytech secures USD 400 mln

Monday 31 January 2022 10:03 CET | News

SME lender Moneytech has secured more than USD 400 million in funding facilities to continue driving its expansion in to the SME lending sector. 

The three major lenders who supported Moneytech’s funding program were Revolution Asset Management, Global Credit Investments (GCI), and a major Australian bank. Loan asset classes that Moneytech provide to business customers include Debtor Finance, Trade Finance, Equipment Finance, Term Loans, and a Line-of-Credit product.

The new funding facilities will facilitate Moneytech’s expansion plans in Equipment Finance and Term Loans which will allow Moneytech to fund a full suite of products to satisfy most an SME’s borrowing needs.  


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Keywords: funding, SMEs, lending, investment, financial services
Categories: Payments & Commerce
Companies: Moneytech
Countries: Australia
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Payments & Commerce

Moneytech

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