By James Harkness · 11 December 2017 · Advice
Discover how a fintech startup is shaking up the lending industry for SMEs, but will it be enough to change the game?
Due to the ‘gigantic profits’ banks derive from processing the ‘lion’s share’ of home loans in Australia, traditional lenders haven’t had a compelling case for servicing small businesses – rejecting around 50% of their loan requests, according to Simon Isaacs, founder and CEO of fintech startup ebroker. “Banks can lend $62.50 for every dollar* of their […]