Just two-thirds of Australian businesses are regularly paid on time, amounting to around $28 billion in outstanding debt. This, along with a $60 billion undersupply of Australian business credit means there is not enough available credit to address the shortfall created by late payments. However, Australian banks and other traditional lenders struggle to structure cashflow finance smaller than $5 million, while fintechs and alternative lenders tend to provide amounts below $250,000 only.
Tradeplus24 is specifically designed to alleviate this urgent need for business credit for Australian SMEs generating more than $3M in revenue, offering variable credit lines between $500k and $10M secured against the SME’s account receivables.
Even better, funds are delivered rapidly and affordably via a fully digital and low touch platform which means no interaction is required with your customers. There are currently no other alternative lenders able to offer this affordability and security.
It is this unique process which has seen Tradeplus24 a major success in European markets and high-grade investor support from the likes of Credit Suisse, SIX Group, and Berliner Volksbank.