From the team at Moula, a warm welcome to our inaugural blog! Who (or what) is Moula you may ask? Well, we’re Australia’s first (and fastest) online lender of working capital.
We’ve been partnering with small businesses (specifically, eBay merchants) since May, enabling them to grow their businesses through transparent and responsible lending.
Your partner in finance
Moula provides 24-hour access to working capital, so no need to wait around for a traditional bank to secure that unannounced deal on inventory or hire more personnel for an upcoming promotion. Moula will typically transfer the money within 24 hours of completing a short online application. Moreover, there’s no hidden charges. We’ll only charge interest on the outstanding balance and if you’d like to repay early, you can! Our platform will analyse your business, providing funding that’s relevant. Linking your store to Moula couldn’t be easier; if you sell on eBay, we’ll view your transaction data and have you funded in now time.
We’ll only charge interest on the outstanding balance and if you’d like to repay early, you can! Share on XExperienced team
Moula was founded by an experienced team from the world of finance and technology. They recognised the difficulty being faced by businesses accessing funding and set about building Moula to solve those problems: to provide an efficient and responsible way for capital to reach small businesses in Australia. Andrew Watt spent most of his career with a number of international banks in London learning his way around risk management, credit modelling and structuring. Aris Allegos was also overseas, spending his time in banking in Hong Kong and London. Aris was also responsible for establishing one of Australia’s first online retailers in the late 1990s.
