Non-bank lender Moula successful $20m Series D equity funding
We are pleased to have led the $20m Series D equity funding for Moula, which is the third capital raise Henslow have assisted Moula with.
The round was cornerstoned by new shareholders Escala Partners and existing shareholders Liberty Financial and Acorn Capital
Founded in 2013, Moula has established itself as a leading online lending platform to Australian SMEs. The platform uses cloud accounting data to provide complete credit data which can be analysed automatically, enabling smart and efficient credit decisioning. Their proprietary online lending platform enables business loans of between $5,000 and $500,000.
Cloud-based data for small business lending
Moula utilises cloud-based accounting and/or bank transaction data to make sophisticated lending decisions. The business has two established products in the market and has recently launched a third product, Moula Pay, enabling SME’s to pay for business purchases of up to $250,000, with 12 months to repay and the first 3 months interest and repayment free.
Supporting next generation products
The funds raised from the series D equity funding will be used to support the continued growth of the loan book and support the next generation of products.
As a Melbourne based private company, Moula is a pioneer in the industry with significant systems, IP and customer base. Consistently achieving their stated milestones – we look forward to working with them into the future and continue to support the company’ strong growth profile.
If you would like to learn more about this transaction, please contact Justin Lewis firstname.lastname@example.org