Powered by MOMENTUM MEDIA
subscribe to our newsletter
Global payment portal to offer seven-minute SME loans

Global payment portal to offer seven-minute SME loans

An online payment platform has unveiled a new service that enables Australian SMEs to access instant finance.

eWAY Capital – the result of a partnership between eWAY and small business lender Kikka – offers financing options from $1,000 to $100,000, which can be accessed in seven minutes as part of a three-step online application process.

In an attempt to stimulate online business, eWAY said the loans on offer will be specifically designed and targeted towards online retailers.

Advertisement
Advertisement

The company said that in working with online businesses, leveraging existing information from integrated platforms such as Xero and online shopping software such as Shopify will allow it to provide up-to-date business reports as part of the application process.

eWAY founder and CEO Mat Bullock said eWAY Capital will allow its merchants to quickly scale anything from expanding their product range, getting a new logo, to growing their social media presence and online marketing.

“Kikka’s simple, end-to-end online platform will help eWAY Capital create an entirely new approach to financing. It’s quick, simple and integrated and I believe it will have a significant impact in bolstering Australian eCommerce,” he said.

David Brennan, Kikka founder and CEO, praised the opportunity to assist “underserved” Australian online retailers.

“We are empowering online retailers to use the strength of their own data to take advantage of better financing options,” he said.

Global payment portal to offer seven-minute SME loans
mortgagebusiness

 

Latest News

The embattled wealth giant has confirmed that its statutory net profit fell by $820 million in 2018, due to costs associated with the royal ...

The non-major bank’s net profit after tax has dropped by 4.7 per cent, coinciding with weaker home lending performance. ...

Regulatory sandboxes may not be the answer for regulating cross-border fintechs, a new report has suggested. ...

FROM THE WEB

POST RC PANEL DISCUSSION ADDED

podcast

LATEST PODCAST: The aftermath of the final royal commission report

Is enough being done to ensure responsible lending?