Shift is finance on demand for business. Enabled by streaming data, Shift provides credit and payments platforms that help businesses trade, pay and access funds.
As one of Australia’s fastest-growing technology companies, Shift is changing the way businesses access finance. Shift has been recognised by AFR’s Fast 100, Deloitte’s Technology Fast50, Smart Company’s Smart50 and Deloitte’s Asia Pacific Technology Fast 500.
Open an account online in minutes. A Shift Account Manager will contact you to finalise your account setup and set your limit. You can transfer funds from your Business Overdraft to your linked business transaction account as you need, up to your account limit.
The funds from your Business Overdraft can be used for any business purpose.
Account limits range from $10,000 to $1 million. Your account limit is set based on the size or turnover of your business, which our platform can quickly assess based on the information you link online.
Shift can assess any business with a valid Australian Business Number and 2 or more years trading history. You will also need to provide your mobile number, drivers’ licence or passport, and securely connect your business bank account.
Limits under $250,000 can be approved within hours, with no paperwork. Once you sign your Facility Agreement, you can transfer funds from your Business Overdraft to your linked business transaction account.
You’ll pay a 13.95% - 23.95% variable annual percentage rate depending on business turnover. There is a $495 or $795 annual fee depending on the account limit. Pay out your Business Overdraft, or make extra repayments whenever you want, at no cost.
You have up to 5 years for each transfer you make from your account.
Weekly repayments will be automatically debited from your linked business bank account.
Our Account Managers can help you with any questions – head here for their contact details.