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OFX international payments integrate with the Shift Business Overdraft
3 July 2023 Integration overview: OFX’s specialist foreign exchange (FX) service provides a seamless, cost-effective alternative to those traditionally offered by banks. OFX sends money to over 170 countries in 50+ currencies and has transferred over AU$200bn+.Shift is a leading provider of credit and payments platforms for Australian businesses. Shift helps businesses trade, pay and…
Shift’s revolving credit product gives businesses certainty of spend
70% of Equipment Line transactions initiated by brokers SYDNEY, AUSTRALIA – 8 June, 2023 – Brokers are looking to revolving credit products to give their customers certainty of spend, with over 70 per cent of transactions carried out through Shift’s Equipment Line being initiated by brokers since its launch last year. Equipment Line is Shift’s revolving…
Shift integrates with FoodByUs
Partnership simplifies and streamlines procurement and payments for Australian restaurants, cafes, pubs and clubs Sydney, Australia, 5 April 2023 – Shift, a provider of credit and payments platforms to Australian businesses, today announced an integration with FoodByUs, Australia’s largest online wholesale food ordering platform which connects thousands of restaurants and cafes with thousands of suppliers. FoodByUs…
Shift completes debut public deal: $200m Asset Backed Securitisation (ABS)
SYDNEY, AUSTRALIA – 16 March, 2023 – Shift, a leading provider of credit and payment platforms for Australian businesses, today announced the completion of a $200 million ABS, the Shift 2023-1 Trust, which is the company’s inaugural public deal. Issued to a range of Australian and international institutional investors, the ABS is supported by a…
Ross Horsburgh joins Shift as Treasurer
Sydney, Australia 1st, March, 2023 – Shift, a provider of credit and payments platforms that help Australian businesses trade, pay and access funds, has announced the appointment of Ross Horsburgh to the newly created role of Treasurer. Reporting to Shift Chief Financial Officer Cameron Small, Ross is charged with driving the Shift treasury function, including…
Shift Closes $AUD27m Series C Equity Raise Fuelled by Record Growth
SYDNEY, AUSTRALIA – 15, February, 2023 – Shift, a leading provider of credit and payment platforms for Australian businesses, announced today that it has closed an AUD27 million Series C funding round, led by Sequoia Capital Southeast Asia The funding round comes on the heels of a recent AUD140 million increase in Shift’s debt funding…
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