FinTech Lender Waddle Accelerates Innovation In Non-Bank Business Lending Sector
Announcement posted by Waddle 24 Aug 2015
Surry Hills, NSW Australia – Breakthrough online lending startup Waddle, had added to its list of first’s in the non-bank business lending market by releasing its latest integration with MYOB’s BankLink.
Waddle identified a broken billion-dollar Australian non-bank lending market that was in need of critical innovation to provide SME’s with a “Bank Like” experience without the compliance or administration. A “touch-free”, “cash on demand” lending tool was debuted earlier this year and has gained significant interest from the accounting profession as it integrates directly with cloud accounting providers as an add-on, allowing accountants to work closely with existing clients to become “lender ready”.
Borrowers using Waddle’s cloud accounting lending application will be able to view loan transaction data from within their MYOB accounting software. Delivering a fully automated “touch-free” experience is and always will be at the forefront of the technology companies strategy as they expand integrations and features driven by borrower demand.
It works by supplying an electronic copy of Waddle’s transactions in real-time directly via their preferred online MYOB accounting product. This is done completely securely and means borrowers won’t need to supply accountants or bookkeepers with any manual documentation as this can be accessed by advisors without any intervention from business owners.
Waddle is currently strategically integrating with selected cloud accounting providers as it seeks to expand its offering, allowing SME’s access to working capital with approval times set within minutes by linking their preferred provider through intelligent proprietary technology developed locally in Surry Hills, helping to lift Sydney as possibly one of Australia's leading FinTech hubs in the country.
info; Introducing MYOB BankLink Feeds For Waddle
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Waddle is an online lender that uses proprietary technology to leverage analytics from accounting & bank data to provide automated revolving credit lines to business.