Timelio, Australia’s leading invoice finance marketplace, has today announced Anthony Thomson has invested in the company. Anthony is an experienced entrepreneur with a track record of building successful, challenger businesses. He is the founder and chairman of Atom Bank, the UK’s first mobile only app-based bank and founder and former chairman of Metro Bank.
Anthony joins other high profile investors in Timelio including Alex Waislitz’s Thorney Investment Group and former ANZ board director, John Dahlsen.
“We are very excited to welcome Anthony as an investor to join us in the next stage of growth. Anthony has a wealth of experience in challenging traditional banking models by building customer centric businesses. His passion for fintech and bold vision for the future of financial services to bring change for the better, aligns with our philosophy and purpose”, says Charlotte Petris, co-founder and CEO.
Anthony Thomson commented: “I’m delighted to have the opportunity to invest in Timelio. The Australian fintech sector is incredibly exciting at the moment and I think that Timelio is one of the most interesting businesses in fintech I’ve come across anywhere in the world and I have great confidence in Charlotte and Andrew Petris’s ability to create something really special”.
Timelio recently announced that $100 million of invoices has been funded on the Timelio platform since launch, just over 2 years ago. Timelio has achieved its best ever quarter and a record-breaking month for invoice funding, experiencing growth in Q2 2017 of 50% on Q1 2017. The company is expecting to fund $200 million in the next 12 months.
Timelio has successfully completed two rounds of external funding: the most recent in Q4 2016 raised additional capital of $5 million to fuel expansion.