Shift establishes $500 million warehouse to support accelerating growth

27 October 2021

Sydney, 27 October, 2021 - Shift (formerly GetCapital) today announced that its warehouse funding capacity has reached over $500 million.

Shift Chief Executive Officer, Jamie Osborn, commented that the expanded facility and ongoing support of funders, including a new international institutional investor and the recent approval of the Australian Office of Financial Management’s (AOFM) Australian Business Securitisation Fund (ABSF), is an acknowledgement of the continued growth of Shift.

“As our funding capacity grows, so does our ability to enable Australian businesses with the right financial solutions,” said Jamie Osborn. “We thank our funders for recognising our approach which offers platforms that leverage streaming data to enable finance on demand.”

About Shift
Originally established as GetCapital in 2014, the company rebranded as Shift in October 2021 as part of its mission to provide businesses with finance on demand. Enabled by streaming data, Shift offers a better way for Australian businesses to trade, pay and access funds.  Winner of the IDC 2020 Digital Disruptor and Omni Experience Innovator awards for Australia and New Zealand, Shift has also been named to the Deloitte Fast50 list four years in a row, the Smart50 awards, the AFR Fast 100 List and voted by LinkedIn as one of the Top 25 Australian Startups to work.  www.shift.com.au   

Shift establishes $500 million warehouse to support accelerating growth

27 October 2021