Supporting Australian SMEs
Marketlend founder, Leo Tyndall, wanted to build a peer-to-peer business lending platform for Australia – with a twist.
Given the nature of Australia’s borrower finance market and the intricacies of the financial regulatory system down under, Marketlend needed to work with innovative technology that allowed for investment in supply chain finance, or lines of credit, in order to offer a workable solution for Australian businesses.
White Label Crowdfunding worked closely with Marketlend to build a bespoke platform with advanced functionality for loan applications, investments and repayments, which would accommodate the unique demands of the local market.
Marketlend’s Line of Credit facility has settled more than 10,000 loan parts to help Australian SMEs and at the time of writing has over A$8 million worth of loans available for investment.