Liberty Financial returned to participate a $13.6m series D round for Moula, with the capital going toward the online lender’s technology development and recruitment.
Australia-based business loan provider Moula raised A$20m ($13.6m) yesterday in a series D round featuring financial services firm Liberty Financial.
Wealth management firm Escala Partners led the round, which also included investment firm and existing backer Acorn Capital.
Moula operates an online lending platform for small businesses, providing between $3,400 and $340,000 in unsecured loans with six to 36-month terms. It analyses banking and accounting data to determine the maximum size of a loan and processes applications within 48 hours.
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Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
