Shift Closes $AUD27M Series C Funding

Shift, a Sydney, Australia-based provider of credit and payment platforms for businesses, raised $AUD27M in Series C funding.

The round was led by Sequoia Capital Southeast Asia with participation from existing shareholders.

The company intends to use the funds to further enhance its suite of credit and payment products to deliver value to its network of broker partners, merchants and direct customers.

Led by Jamie Osborn, CEO, Shift provides credit and payment platforms that help businesses trade, pay and access funds, breaking archaic trade terms, taking control of their cashflow and choosing the right financial products that are tailored for business. The company offers a real time view of the financial position of a business.

Shift has now provided more than AUD2 billion in tailored financial solutions to support the growth aspirations of Australian businesses since its founding in 2014.

FinSMEs

15/02/2023