Business
Xero snaps up small business lender Waddle for $80 million – Sydney Morning Herald
The ASX-listed cloud accounting giant is dipping its toes into the lucrative small business lending market with its latest buy.
Waddle is a cloud-based lending platform that allows small businesses to take a quick secured loan against their accounts receivables. The startup also enables banks and fintechs to more easily lend to small businesses by leveraging their accounting data and automating many of the manual processes in invoice financing.
Waddle was founded in Sydney in 2014 by Simon Creighton and Nathan Andrews after the pair met at high school and has since grown to a staff of 25 and written over $330 million of…
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