AltFi Leader Advocates for Responsible Dealings With Small Business Owners
SYDNEY: 20 September, 2016 – Capify, Australia’s leading online alternative SME finance provider, has announced that it has launched a set of ground breaking best practices entitled The Capify Business Funding Bill of Rights that aims to protect Australian small businesses seeking funding from alternative sources.
Recent growth and investment in the fintech industry has enabled rapid development of more innovative platforms for alternative financing solutions. As a result, small businesses now have a wide array of options outside of the traditional banks, whether it is for higher approval rates, quicker finance or more flexible lending solutions. Whilst the unprecedented rate of growth is opening up new access to capital for small business owners, unfortunately protections for those requesting business funding have not kept pace.
“ It is our belief that every small business owner seeking to obtain financing solutions deserves to partner with a finance company that upholds only the highest standards of fairness, integrity and quality,” said Capify managing director John de Bree. “The Capify Business Funding Bill of Rights is the starting point and will help shape the dialogue going forward. We’re hoping to build awareness and get more people involved.”
The four primary principles outlined in The Capify Business Funding Bill of Rights are:
- Transparency. The right to transparent information that allows businesses to make educated financial decisions.
- Responsible lending. Capify will only offer financing solutions that we believe the business can reasonably afford without putting unnecessary strain on the business.
- Unwavering commitment to customer safety and security. Capify will always protect sensitive business information and will not compromise small business owner security in return for providing a financing solution.
- Ethical alternative financing solutions. Be truthful and fair at all times.
“For the past 8 years, Capify has set the standard for transparent, responsible and customer-friendly credit products to help small businesses in Australia achieve their financial goals,” remarked Capify CEO and founder David Goldin. “In keeping with our corporate mission and values, we believe that best practices that benefit small business owners is critical to the continued growth of our industry. We urge the entire small business financing community to join us in upholding these principles.”
The launch of The Capify Business Funding Bill of Rights in Australia follows the recent commitment by 100% of Capify local staff to the Banking and Finance Oath.
For more information on The Capify Business Funding Bill of Rights go to: www.www.capify.com.au/Business-funding-bill-of-rights/
Capify is Australia’s leading online SME alternative finance provider powered by proprietary technology and analytics. Capify leverages a proprietary underwriting platform to provide working capital solutions to small- and medium-sized businesses in Australia, USA, UK and Canada, including business loans, merchant cash advances, and lines of credit. Business owners can apply online and receive decisions in 60 seconds or less at the company’s various websites. For additional information about Capify, please visit www.www.capify.com.au. You can also learn more about our global corporate brand at www.capify.global.
Media Contact: John DeBree