A record number of Australian small businesses are ditching traditional bank loans to fund growth and generate cash flow.
“Around 75% of businesses who come to us looking for invoice financing need the extra cash flow because they’re in a period of high growth,” says Angus Sedgwick, CEO of OptiPay.
“Traditionally business owners were limited with their options for business finance and a bank loan was the go-to solution but Australian SME owners are wiser in 2022 and they’re realising there are other options,” adds Mr Sedgwick.
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Who is OptiPay?
OptiPay, one of Australia’s leading business finance providers, has been dedicated to helping small business owners solve cash flow challenges for over a decade and has provided $1.5 billion in business funding to more than 500 Australian businesses. OptiPay specialises in modern financing solutions such as invoice factoring, invoice finance, debtor finance, and lines of credit. OptiPay’s mission is to support business growth providing liquidity in as little as 24 hours, ensuring they have access to tomorrow’s cash flow today. This rapid access to funds helps businesses maintain smooth operations and seize growth opportunities without the stress of cash flow constraints. At OptiPay, we believe that healthy cash flow is the lifeblood of any successful business. Our commitment to helping businesses overcome financial hurdles and achieve their growth ambitions has solidified our reputation as a trusted partner in the business finance sector. Whether you are looking to stabilise your cash flow, expand your operations, or navigate financial challenges, OptiPay is here to support your journey with innovative and efficient financing solutions.
