Business
MYOB set to move into invoice financing in wake of Greensill collapse – Sydney Morning Herald
Accounting giant MYOB is pushing into invoice financing, undeterred by the bad invoice-business headlines from the collapse of global financing firm Greensill Capital….
MYOB chief executive Greg Ellis says the accounting software firm is undeterred by the collapse of Anglo-Australian fintech Greensill Capital as it prepares to expand into invoice financing for its small business customers.
The sudden demise of once high flying Greensill has captivated the global financial media in recent weeks. The firm, founded by Australian born Lex Greensill, provided a controversial service known as supply chain financing, buying invoices from big companies and paying their…
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