Moula

lendingsme financing

FOUNDING YEAR: 2013
LOCATION: Australia
Last Update: 17/07/2020

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive WhatsApp community where you can engage in discussions with global industry experts!

About

Moula is a better way to borrow money to grow your business.We use a combination of heads and hearts to identify good business and can approve and fund loans within 24 hours. After all, good business deserves Moula.Our StoryOnce upon a time, getting a business loan meant spending 6-8 weeks filling in forms and then waiting around for approval. With Moula, you can apply online with no paperwork and no hassle, and have the funds in your account the next day. Weve developed a unique platform that will analyse a business data, making the process simple, fast, and friendly. But were not just a smart algorithm; were all about human interaction, which is why we have a team of real people who will get to know each business unique needs. Founded in Australia by an experienced team who are passionate about using technology to simplify finance, Moula continues to lead the market with our transparent pricing and responsible lending practices.Our ValuesWe're TransparentWere upfront about who we are and what we offer. We dont hide costs and we dont try and trick people.All Business is PersonalAt the core of every business youll always find human dreams and ambitions.We Sleep Well at NightWe make responsible lending decisions and were open to how we make them.There is no Small BusinessWe see good business, not small business.We Love ComputersComputers allow us to understand where our customers and their businesses are at today.

MEDICI Analysis

Moula is an online platform for businesses to receive unsecured business loans with no paperwork. Users receive funds in their account within a day after data is used to assess the received loan applications.

Focus

PRODUCTS & SERVICES

Moula offers SME loans up to $250,000 for Australia registered businesses.

REVENUE MODEL

The company charges interest fees to generates its revenue.

MAIN CLIENTS

Scotty’s wholesale Meats

Cup cake central

Get digital flow

Kleentek Advances cleaning technologies

EXISTING PARTNERSHIPS

The company is in partnership with Officeworks

Liberty Financial

Xero Financial Service. It is also partnered with brokers

accountants

and advisers.

Traction

VALUATION / MARKET CAP:

$200 M in 2015

People

FOUNDERS

Aris Allegos (CEO)

Piers Moller (CTO)

BOARD MEMBERS AND ADVISORS

Andrew Watt

Chris Ridd

Nathan Cher

Sherman Ma

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Acorn Capital

Escala Partners

Inc

Liberty Financial

Liberty Financial Companies

NCN Investments

KEY EMPLOYEES:

Aris Allegos(CEO)

Piers Moller(CTO)

Andrew Watt(COO)

Andrew Watt

Aris Allegos

Piers Moller

Momentum

FUNDED

YES

TOTAL FUNDING

$50.88 M

DATE OF LAST FUNDING

Dec 2019

TOTAL FUNDING COMMENT

The company is planning to use the fund to educate the SME market, which is a hurdle facing many local fintech startups – particularly in the lending space(June 2015).

SEED & PRIOR FUNDING

$879.83 K

SEED CLOSED ON

Nov 2014

FUNDING SERIES

SERIES A  · $30 M  · Jun 2015

SERIES D  · $20 M  · Dec 2019

LISTED

NO

Join the exclusive global FinTech community

Be a part of the global FinTech community on WhatsApp