Source: The Australian - 12:00AM September 19, 2017
Sydney-based fintech outfit Waddle has announced an expansion into New Zealand, as it looks to further capitalise on Australia’s $64 billion invoice finance and factoring industry.
Founded in 2014 by high school mates Simon Creighton, Leigh Dunsford and Nathan Andrews, Waddle is a cloud funding software and addresses what Mr Creighton says was an opportunity its competitors, including Scottish Pacific and banking providers, were failing to address.
“The current process has been done the same way for decades and no one was building software to solve it,” Mr Creighton said.
“Our technology is world-class and is transforming the approach of other lending businesses and banks, by removing how manual and labour intensive the process is.
“The priority in building our product is to make it as simple as possible for SMEs to use, to allow them to spend less time liaising with finance companies and more time growing their business."