Bendigo sells invoice book to Goldman Sachs-backed Timelio
Bendigo and Adelaide Bank has offloaded a $50 million small business loan book funded off customer invoices to Timelio, and will now partner with the Goldman Sachs-backed fintech.
Bendigo and Adelaide Bank has offloaded a $50 million small business loan book funded off customer invoices to Timelio, and will now partner with the Goldman Sachs-backed fintech.
When Charlotte Petris launched Timelio in 2015, fintech was barely a word. Now, she's at the forefront of the invoice-financing boom.
Goldman Sachs has validated the invoice financing technology developed by Timelio by agreeing to lead the funding of its first warehouse, which can scale up to $270 million.
Shuttered shops all over Melbourne are a bleak reminder of just how tough many small businesses are doing it this year. But entrepreneur Blair James has found inspiration from the lockdown, using invoice finance to bring a new product to market in just five months.
Timelio has been named in the 2020 AFR FAST 100 coming in at #6 for top growing businesses in Australia. We are honoured to be recognised as one of the top growing companies in Australia.
The spotlight was on Diversity in FinTech at the Lift Off Awards and we are pleased to announced that Timelio took home the FinTech of the Year – Australia award! The second annual Lift Off Awards ceremony, produced by YBF Ventures, took place in the Ballroom of YBF Melbourne.
