Yanir Yakutiel

Eight Aussie startups that secured $30.2 million this week

Weekly roundup of eight Australian startups raising a combined $30.2 million, spanning SME lending, quantum computing grants, proptech, consumer apps and recycling, plus Stylerunner's earlier sale to Accent Group.

Also Startup Daily

Small business lending fintech Lumi raises $15 million

Business lender Lumi has banked a $15 million injection, with Israel's Harel Insurance and Finance Group joining as a fresh backer alongside existing supporters; the firm's prior raise was $20 million in 2020.

Also SmartCompany·Australian FinTech·Australian FinTech

E-bikes, SME lending and rethinking ‘tickets’: Seven $1 million-plus raises you might have missed

Weekly roundup of seven startup raises: OCR Labs' Series B, Zoomo's Series B extension, plus new funding for Lumi, Upflowy, Linkby, Fortiro and Licorice, alongside Scalapay's unicorn round and Arkon Energy's pre-seed.

Also SmartCompany·Startup Daily·Startup Daily·Startup Daily·Techboard·SmartCompany·SmartCompany·Startup Daily·Forbes Australia·Australian FinTech

Small business alternative lender Lumi raises $10m ahead of anticipated 2022 boom

Australian SME lender Lumi has completed a $10 million raise backed by Arbel Fund and Perennial Partners, taking its fundraising to $30 million in two months, with plans to double headcount nationwide.

Also SmartCompany·Startup Daily·SmartCompany

Business lender Lumi taps investors for $20 million

Small-business lender Lumi is seeking fresh capital to nearly double headcount and expand, with its longstanding backer expected to reinvest, while a former bank executive joins its board.

Fintech lender Lumi targets $20M raise to fund aggressive expansion

SME lender Lumi says it plans a A$20 million equity raise to fund expansion, with existing backers expected to take part, and has appointed Steve Lambert to its board and risk committee chair.

Fintech lender raises $8m and banks on Prospa IPO boost

SME lender Lumi has closed an $8 million equity round led by Josh Liberman Investment Group, and expects a lift when rival Prospa floats on the ASX.

Also SmartCompany·SmartCompany

‘Faster than we can fund ourselves’: Startup lenders boom as small business ditches banks for alternative options

Small businesses are shifting from banks to alternative lenders. Lumi recently closed a large funding round, Credi is running a crowdfunding campaign, and new lending entrants face steep capital barriers.