Fintech proves a boon for small business

"The fintech revolution – the marriage of finance and technology – has been happily picked up by many of the nation's small businesses, which notice new lenders coming through to service a sector they believe the banks aren't interested in servicing. This might be an emotive belief based on their own experiences, but certainly the emergence of the likes of fintech lenders keen to write unsecured loans and make decisions within 24 hours, payment systems players like PayPal offering working capital loans and peer-to-peer lending gaining traction can seem like manna from heaven for a sector that has traditionally struggled to obtain finance." Read more

James Dunn AFR 25 Nov 2015