Inside Waddle

Debtor financier Waddle has become the latest lender to join Connective’s finance panel.

Posted by Paul on 08-Nov-2018 13:20:23

Waddle are very excited to join forces with Connective, a leading Australian finance aggregation group. The following article published by 'The Adviser' tells you more about Connective and Waddle.

The Adviser November 8, 2018.

"Debtor financier Waddle has become the latest lender to join Connective’s asset finance panel.

Connective Asset Finance has announced that Waddle, which specialises in debtor finance, has joined its panel of lenders.

waddle_logo

Waddle is a non-bank lender that allows businesses to pay employees and creditors and purchase inventory and equipment when there’s a shortage of capital by letting them borrow money against unpaid invoices. The amount of working capital a business can gain access to depends on their accounts receivable.

Waddle’s online platform is able to issue a pre-approved credit limit once the customer (or the broker on behalf of the customer) clicks “get an offer”, and funding can be unlocked in less than 24 hours.

This is achieved through faster-than-traditional credit assessments, as the lender is able to assess business’ data in real time once provided access to their Xero, MYOB and Quickbooks accounts. The lender looks at data such as that contained in invoices, credit notes, bank transactions, payments, profit and loss statements, and balance sheets.

Waddle is reportedly popular with wholesale, import and export businesses, manufacturers, transport and logistics companies, and recruitment and labour hire firms."

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