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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

Kashcade funded 14 deals in its first nine months. Most loans sat at around $250,000, offered to technology companies with $1-10 million in annual revenue. ASX-listed Mad Paws Holdings (ASX:MPA) was one of its biggest clients, taking on a $1 million facility that was arranged in less than 48 hours.

The future of Australia’s R&D tax incentive: 2025 and beyond

The research and development tax incentive (RDTI) program has undergone significant growth over the past few years. With the program forecasted to expand even further into 2025 and beyond, AusIndustry and the ATO have intensified efforts to ensure the program remains compliant, impactful, and fit for purpose. Article written by Alex Simmons, CEO, Kashcade.