Ridd’s appointment comes off the back of strong growth for Moula over the past twelve months, as Australian small businesses change the way they access loans.
As we’ve been working to help small businesses grow, our own not-so-small business has been bursting at the seams. This has been great news for us here at Moula, and was the perfect excuse to knock down some walls and get an office makeover to accommodate our growing team.
It was awesome to have The Hon. Philip Dalidakis, Minister for Small Business, Innovation and Trade come to open the new office and congratulate us. He welcomed the role that alternative lenders like Moula play in supporting the economy.
Having access to capital is one of the most important requirements for a small business to get off the ground or stay operating.
“It is wonderful to see fintech companies like Moula providing our small businesses with innovative new ways to access capital and manage their finances at the same time. This is another great local success story that cements Victoria’s growing reputation as the number one tech and startup destination in the Asia-Pacific region.”
To date, Moula is the on fully Australian-owned and operated platform, with our own proprietary technology which was tailored to the Australian SME market.
“Small business owners know that to survive in business you need to meet customer expectations. We live in an age of instantaneous transactions with the increasing availability of data at our fingertips. This means that the pace of business has increased exponentially and in line with that, so too have customer expectations. The lending space is no different,” said Moula CEO and co-founder Aris Allegos.
Over the past twelve months, Moula has aligned itself with best-in-class partners including Liberty and Xero to deliver its unique lending solution to Australian SMEs.
“Having somebody of Chris’ calibre on the board, with his track record of building exceptional businesses, is a tremendous boon to Moula,” Allegos said.
“He has a genuine talent and a passion for this space. He ‘gets’ small businesses and the challenges they face and is a huge advocate for what Moula is trying to achieve — to help Australian SMEs grow via a simple loan application that is fast, affordable and responsible.”
As a Xero preferred financial services partner, Moula was the first online lending platform globally to use Xero’s API integration to analyse and underwrite a business loan.
“Over the course of my five years at Xero Australia, I saw a marked shift in the way SMEs use online data to streamline business process and drive growth.” Chris Ridd said.
“There is an opportunity to help support the continued success of small businesses.
Ridd joins the board of five executives, including Moula co-founders Aris Allegos and Andrew Watt, Sherman Ma, Managing Director of Liberty Financial and tech entrepreneur Nathan Cher.