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Start-up lender Kashcade perks up for new deals with $23m raise

Kashcade, a Sydney-based lender to start-ups that fall outside the investment universe of sector incumbents, has ruled off a $23 million raise as it expands its book to include loans made against the government’s R&D Tax Incentives.

Startup lender Kashcade banks $1 million raise ahead of rolling out R&D tax incentive loans

Fintech Kashcade has raised an additional $1 million from existing investor Prandium Capital and several high net worths, alongside a $22 million warehouse facility funded by asset-backed lending specialist Rixon Capital.

Kashcade raises $23M and enters R&D lending space

Kashcade funded c. $5M of R&D loans before making the offering public last week. Kashcade’s edge is its speed, with its technology platform enabling applications in just a few clicks and loans to be funded within 48 hours, as opposed to weeks with other providers.

Start-up financier Kashcade restocks coffers, talks up deal pipeline

Sydney’s Kashcade, which pitches itself as a superior alternative to traditional venture debt financing for start-ups, has picked up $5.5 million in financing of its own as it seeks to grow its loan book.

Startup lender Kashcade banks $5.5 million raise