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.”
Shift provides credit and payment 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, Deloitte’s Asia Pacific Technology Fast 500, IDC Digital Disruptor and has been named the Commercial and Asset Finance Brokers Association Fintech of the Year in 2020, 2021 and 2022.
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