Fintech Sail Funding launches with $8 million and an algorithm it says will change how small businesses get loans

"The founder of fintech Sail Funding says he is “very, very lucky” to have secured $8 million in funding for his business, but the SME lender doesn’t let luck play any part in delivering money to clients. Yanir Yakutiel has watched the Australian fintech space for the past five years and witnessed an opportunity for rigorous algorithms and security features in the increasingly crowded market of small lenders. With a background in shipping and logistics, Yakutiel saw the fintech space take off in Israel before turning to Aussie SMEs as an obvious market for growth." Read moreopen_in_new