“I found existing remittance services overly complex and time consuming for me and for my clients who were seeking international investment opportunities,” says Nguyen.
So Nguyen combined his financial acumen with Ngo’s tech expertise to form EzyRemit, which is disrupting the way people send money overseas. The business has earned a reputation for low fees, favourable exchange rates and secure, speedy transfers.
<subhead> A new source of funds
A desultory IPO market is the perfect environment for a business like Tractor Ventures, an AFR Fast Starter this year in the banking and financials sector, to flourish.
Tractor Ventures has a proprietary credit and risk platform, which determines how much to lend to a borrower, as well as the size, shape and term of the loan and interest rate payable.
The non-bank lender is a source of finance for emerging businesses that may otherwise have sought funding from other avenues such as venture capital firms.
Read all about it…