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.