Sydney, 27 October, 2021 – Shift (formerly GetCapital) today announced that its warehouse funding capacity has reached over $500 million.
Shift Chief Executive Officer, Jamie Osborn, commented that the expanded facility and ongoing support of funders, including a new international institutional investor and the recent approval of the Australian Office of Financial Management’s (AOFM) Australian Business Securitisation Fund (ABSF), is an acknowledgement of the continued growth of Shift.
“As our funding capacity grows, so does our ability to enable Australian businesses with the right financial solutions,” said Jamie Osborn. “We thank our funders for recognising our approach which offers platforms that leverage streaming data to enable finance on demand.”