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Cunnington & Co is presently finalizing an application to APRA for our proposed SME Bank License. Professional Investors can register for a copy of the Disclosure Documents by clicking here.
Cunnington & Co has launched SME Cash as a digital marketplace lender to Australia’s business community providing immediate qualification and pricing for all business finance needs. The seven products
offered are equipment finance, asset finance, general purpose loans, trade finance, inventory loans, insurance premium funding, and invoice finance. All purchases made via the PayNow Card are able to be converted into longer term loans.
Over the past 20 years Cunnington & Co has provided SME Business Finance under the brands of Affiniti, AgriPay, Momentum, and PremiumPay. SME Cash brings together all of C & Co’s former lending ventures under a single banner to offer a full-service lender making use of PayNow Fintech for origination and customer management.
Cunnington & Co has operated PayNow Fintech since 1999 to develop and pioneer systems, cards, and apps that integrate with finance companies and banks to transform their internal processes. This empowers SME
businesses to more readily access finance and lenders to more efficiently manage the accounts.
The automated business rules are able to take charge of the painstaking and tedious processes normally performed manually such as credit analysis, origination, ongoing management, and pricing. By alleviating the burden of manual tasks typically performed by loan providers, PayNow FinTech allows for financiers to maximise profits and potentially offer more competitive rates for their financing solutions.
The future SME Bank aims to revolutionise business banking in Australia providing a digital-native platform that empowers customers and bankers alike to bring out their greates potential. SME Bank will achive this
by providing debt finance to Small and Medium Enterprises (SMEs) throughout Australia for the purpose of supporting growth in income-generating activities relevant to business borrowers, primarily through funding:
Cunnington & Co’s passion for service culture encouraged the development of an online Customer Business Centre where SME Cash clients can access and manage their information.
The service enables customers to upload data such as invoices or accounting packages to do so seamlessly and trouble-free. The Customer Business Centre is also the source for wide ranging report delivery, and is where dedicated customer service executives deal directly with customer queries and collections when necessary.