Digital Finance (FinTech)

Fintech Lender  - providing loans to small and medium-sized Australian businesses.

They understand that dynamic, innovative businesses often move faster than traditional valuations. When considering an application for a loan, they look at more than just assets or collateral. They also consider the business activity and multiple sources of industry data to obtain a more holistic view of a business’s position. As a result, they can approve more loans than many other lenders, while still lending responsibly.

They are committed to making a difference in small businesses and helping them to grow.

What did we do for the fintech lender?

• Digitised a large portion of finance processes

• Automated the CFO role from 3 days a week to 3 days per month (75% time reduction).

• Built a fully integrated financial model for the fintech start-up (fund and fund manager) leveraging their core lending system and cloud-based accounting package Xero.

• Built the capital raising model to support series B rounds and beyond.

• Undertook some credit modelling analysis on the loan book having regard for the probability of default (PD), exposure at default (EAD) and loss given default (LGD), across the portfolio on each loan and a vintage basis. Vintage reporting and insights were developed and automated for weekly outputs emailed to key decision-makers.

• Built automation tools within the finance processes to avoid having to expand the team as the business expanded, making finance truly digitally enabled.