Cashed Up And Ready To Lend
Non-bank lender, Moula has secured $20 million from investors to fuel growth.
The funds will enable the company to lend more and invest in talent, technology and product,
In the past 5 years, the company has processed over 20,000 business loan applications with a substantial increase in its loan book.
Key investor, Escala Partners, was impressed by Moula’s ability to acquire good quality business customers cost effectively while using technology to assess risk.
“Moula has established itself as one of the most innovative lending platforms in Australia addressing finance needs for a significant proportion of Australian SME’s,” Pep Perry, CEO of Escala Partners said.