GetCapital has integrated with Xero and is now available in the accounting software giant’s Marketplace as part of a newly launched Finance category.
GetCapital’s CEO, Jamie Osborn, said the move would support GetCapital’s growth ambitions for its lending operations in Australia.
“At GetCapital, we are passionate about helping fund the growth of small and medium business. Partnering with small businesses at each stage of their growth trajectory is what we are all about.”
“Being an early member in Xero’s new Financial Services Marketplace will make it easier for the 200,000+ Australian Xero customers to access GetCapital’s services when they need them.”
“Xero customers can now simply link their Xero account to GetCapital and, in doing so, automatically upload all of the business and financial data necessary to assess a loan application and make a faster decision. The entire application process is online and takes less than 3 minutes,” he said.
Jamie said that access to capital is the primary constraint on small business growth in Australia and business owners are increasingly turning away from banks in search of finance partners that leverage technology to make faster and more accurate credit decisions. “The market is looking for faster and easier ways to access funding for business growth, and GetCapital is responding. Our integration with Xero provides speed and simplicity through the application process, while our sophisticated credit models ensure our solutions are tailored and relevant for each customer.”
“Technology alone is not enough. Small and medium businesses have sophisticated financing needs that often require an individual solution. GetCapital offers a range of business finance products that our Portfolio Managers discuss with customers to tailor a solution for their specific needs.
“In that way, we like to think GetCapital blends the best parts of the old and new world of business lending. We offer speed and efficiency through our technology platform, together with the good, old-fashioned service you used to get from the business manager at your bank.”
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.