7.8 / 10
 Melbourne

We provide short term finance to residential tenants and looking for finance partner.

Key Business Facts
Yearly Sales USD 1.6 million
EBIDTA Margin 20 - 30 %
Industries Consumer Leasing
Locations  Melbourne
Business Overview
- Have proven the demand for our products in the residential rental market across Australia with over 1,000 renters using our products.
- We have lent almost AUD 1.2 million to Australian renters and are now looking to open new partnerships and increase marketing.
- The rental bond market is huge, and with increased cash flow burdens, the addressable market for a financial service in this sector is growing daily. In the eastern states of Australia alone, there are approximately 1 million bonds transacted per annum at an average of AUD 1.7k per bond.
- We are the market leader in providing financial assistance to Australian renters.
Products & Services Overview
- Short-term finance to assist with payments of rental bonds.
- Short-term finance to give renters a "rental holiday"
- Connection of utilities for residential renters.
Introduction to car loan financiers.
Capitalization Overview
- Funded from initial round of "family and friends" investment. - Currently, 100% owned by founders - two partners who are old friends from school and know each other well.
Assets Overview
We have intellectual property, cash from receivables and general goodwill in the marketplace.
Seeking Loan
USD 670 thousand for 12.0% annual interest, 3 years (Native Currency: AUD 1,000,000)
Reason: We are a consumer finance business and we need a loan to expand marketing and grow the loan book.
Collateral Available: USD 270 thousand
Includes physical assets worth USD 270 thousand
Interested to connect with advisors
In talks with 3 Investors
Contact Business