MA Financial backs Fundbox on its Australian expansion

Fundbox has announced it will set up shop in Australia after raising a warehouse facility that can be upsized to A$100m from funds managed by global alternative asset manager, MA Financial Group.
The AI-driven San Francisco-based fintech, which provides capital infrastructure for small and medium businesses (SMBs), has described the move as part of its international expansion.
The US$1 billion-plus unicorn claims to have originated more than US$6 billion in loans to over 170,000 small businesses since launching 13 years ago.
Chief Executive Officer at Fundbox, Prashant Fuloria said its arrival in Australia brings scale, expertise and infrastructure where SMBs form the backbone of the economy.
“Expanding into Australia marks a major milestone in our mission to embed capital into the platforms that power the global SMB economy,” Fuloria said.
“SMB platforms – including payment providers, vertical SaaS companies, neobanks, and commerce marketplaces – can now launch embedded capital products in Australia quickly, compliantly, and with confidence.”
As part of its entry into the region, Fundbox has announced it will power the launch of digital-first capital tools for platforms to help Australian businesses access fast, seamless financing.
The white-labelled solutions will embed directly into SMB platforms, including payment platforms such as Stripe, using small businesses’ real-time payments and accounting data to power the approval decision.
Executive Director at MA Financial’s Global Credit Solutions team, Guy Kaufman said the asset manager was excited to support the fintech’s expansion through a bespoke asset-backed lending facility.
“Fundbox has developed a differentiated and scalable platform, and we look forward to supporting the firm’s growth in the Australian market,” Kaufman said.
Fundbox said it will provide MA’s credit investors with diversified, senior-secured, asset-backed SME exposure, underpinned by real-time data credit decisioning and automated repayments to manage risk.









These will be union super's "showcase advisers". Their high standard of education and professional assocaition membership will be heavily touted…
I agree with you. It really depends upon the APL, but if the APL allows "Independent/unaligned" options, then this service…
if you are dictated to by a licensee on the products you can advise on, are you still considered "Independent"????
This does not seem like an appealing "opportunity" at all.
100% reasonable to think this - why are they doing it now? If they wanted partners, they've had years and…