Who are we?
Tradeplus24 is a Melbourne based FinTech specialist lender (with headquarters in Zurich, Switzerland), we provide flexible, easy funding to SMEs overlooked and overcharged by big banks.
Our parent company Tradeplus 24 AG was founded in Zurich in 2016 and boasts Credit Suisse, SIX Group and Berliner Volksbank Ventures as major investors.
Tradeplus24 was launched in Australia in 2019 to address real problems in the availability of credit for SME’s. While most fintech and alternative lenders tend to provide amounts below $250k only, we offer credit lines from $500k – $10m.
Its managing director in Australia, Adam Lane was a former general manager at NAB and has extensive experience in the financial services sector in Australia and abroad.
What has been your biggest factors to the success of your startup
There is a gap in the market for getting credit for SME’s in Australia. The company aims to serve the ‘significantly underbanked niche’ who struggle to secure alternative loans above $250,000.
“Lack of competition in Australia not only reduces the need for banks and larger lenders to innovate but also means they’re free to release capital largely under their own terms.
“To this end, banks regularly take a charge over an entire business and also secure the loan against the owner’s personal property assets
Tradeplus24 will target SME’s with a turnover of $3-50 million annually and a flow of account receivables. They will offer variable credit lines range between $500,000 and $10 million.