Powered by MOMENTUM MEDIA
realestatebusiness logo

Subscribe to our newsletter

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.

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.

Advertisement
Advertisement

“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

With Anthony Albanese and several cabinet ministers sworn in following Labor’s election win, members of the mortgage and property industry...

The bank’s chief economist has responded to the RBA’s latest board meeting, maintaining that rates will lift by 40 bps next month. ...

The combined capitals recorded their lowest preliminary clearance rate for the year to date, with the CoreLogic analysts pointing the federa...

VIEW ALL

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

What is the maximum proportion of income borrowers should use to service a mortgage?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.