Moneytech Company Report



Company Overview


Name: Moneytech


Mission: To provide inventive financial solutions and expert advice to help businesses grow.


Founded: No information is available


Key People: No information is available


Headquarters: Sydney, with additional offices in Melbourne and Brisbane.


Number of Employees: No information is available


Revenue: No information is available


Known For: Providing a range of business finance solutions including debtor finance, trade finance, equipment finance, term loan finance, and more.



Products


Trade Finance


  • Description: Helps manage supply chain and bridging funding gaps between suppliers and end customers.

  • Key Features:

  • Limits between $250,000 and $10,000,000

  • Facilitates import and export activities

  • Provides working capital

  • Pays 100% of supplier invoices


Debtor Finance


  • Description: Allows businesses to unlock cash flow by realizing the value of customer invoices.

  • Key Features:

  • Limits between $250,000 and $25,000,000

  • Better cash flow management

  • Pays suppliers

  • Invests in growth opportunities


Line of Credit


  • Description: Provides flexible funding for business needs.

  • Key Features:

  • Limits between $50,000 and $500,000

  • Manages local and international invoices

  • Covers business expenses like stock, materials, and equipment

  • Improves cash flow management


Term Loan Finance


  • Description: Offers funds for growth opportunities secured against property equity.

  • Key Features:

  • Limits between $250,000 and $2,000,000

  • Borrow up to 90% of residential or 80% of commercial property value

  • Used for growth investments, debt consolidation, acquisitions, and equipment purchase


Equipment Finance


  • Description: Ensures businesses have the necessary equipment for growth.

  • Key Features:

  • Borrow up to $2,000,000

  • Finances new and existing equipment

  • Improves business efficiencies

  • Raises funds against new equipment


Business Loan (Working Capital)


  • Description: Provides operational capital for business efficiency.

  • Key Features:

  • Limits between $25,000 and $500,000

  • Used for growth investments, debt consolidation, acquisitions, and equipment purchase


Recent Developments


New Products Launched


  • Online Small Business Loan Facility: Launched to provide low-doc working capital solutions up to $500,000.


Recent Developments:


  • Government Schemes:

  • SME Recovery Loan Scheme Phase 3: Moneytech has joined the government lender panel.

  • Extension to SMEG Loan Scheme: Called for an extension to support during lockdowns.


  • Funding:

  • $150m Equipment Finance Facility: Secured to help fund Equipment Finance growth.


Partnerships:


  • Apositive: Strategic partnership for payroll funding solutions.

  • Virgin Australia Business Flyer Program: Collaborated to offer Velocity Points for financial facilities.

  • Pinnacle Partners Program: Initiative to reward top referral partners with an exclusive trip to Queenstown, New Zealand.


Key Features Added:


  • Velocity Points: Earn points on settling facilities and ongoing line of credits.

  • Foreign Exchange Solutions: Partnered with top FX providers for efficient international trade operations.


Customer Stories


  • AminoZ: Utilized funding to import ingredients in bulk, leading to substantial business growth.

  • Elite Attachments: Enjoyed quick approvals and less paperwork.

  • Drive Personnel: Significant growth in time management and payroll efficiency.

  • United Food Group: Observed 30% business growth each year over three years.


Testimonials


  • Andrew Chalouhi: Praised the diligence and helpfulness of Moneytech staff like Jess and Mariana.

  • Craig Schweighoffer: Recommended Moneytech for outstanding support and funding solutions for SMEs.





This report provides a detailed examination of Moneytech's financial products, recent company developments, and customer experiences. No additional commentary is included as requested.