{"id":38849,"date":"2023-10-20T14:59:18","date_gmt":"2023-10-20T14:59:18","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/the-funding-round-fast-cash-loans-a-marketplace-for-globe-trotters-and-fleet-control-score-34-9-million-startupsmart\/"},"modified":"2023-10-20T14:59:18","modified_gmt":"2023-10-20T14:59:18","slug":"the-funding-round-fast-cash-loans-a-marketplace-for-globe-trotters-and-fleet-control-score-34-9-million-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/the-funding-round-fast-cash-loans-a-marketplace-for-globe-trotters-and-fleet-control-score-34-9-million-startupsmart\/","title":{"rendered":"The funding round: Fast cash loans, a marketplace for globe-trotters and fleet control score $34.9 million – StartupSmart"},"content":{"rendered":"
\"Fleetsu<\/div>\n

In this week’s funding round, online lending, enterprise solutions and global hiring startups rake in nearly $35 million.<\/p>\n

The investment deals uncovered include a Perth-founded fintech backed by a Chicago billionaire; a fledgling startup that has won government support at a hackathon; and an Estonian startup that has sparked the imagination of one of Australia’s leading VC firms.<\/p>\n

Read more: The Funding Round – Harvey Norman\u2019s secret startup, elite sport and HR grab more than $80 million<\/strong><\/a><\/p>\n

ENABLY BANKS $33.5 MILLION<\/h3>\n

What they do:<\/strong><\/span> Fintech firm Enably is an online lending platform targeting people with incomes of about $60,000 per annum. It offers “fast and flexible loans” ranging from $200 to $10,000. For loans under $2000, Enably calculates the monthly fee based on the customer’s account balance. Since launching in 2013, Enably has loaned money to over 18,000 customers.<\/p>\n

Led by:<\/strong><\/span> CEO and former Nimble executive Andrew Kirkwood, who took over from Enably founder David Brennan<\/a> a year ago.<\/p>\n

How much:<\/strong><\/span> $33.5 million in equity and debt from existing shareholders, including Chicago tech billionaire investor Richard Driehaus.<\/p>\n

What happens now:<\/span> <\/strong>Kirkwood says the investment will be used to grow the company\u2019s brand and profile across Australia.<\/p>\n

\u201cThe equity and debt raise will enable us to take our business to the next level,\u201d Kirkwood says.<\/p>\n

\u201cWe have put our customers in control of their loan, using data from individual customers to determine the loan duration offered.<\/p>\n

\u201cOur aim is to provide a product that provides our customer with a loan and repayment schedule that matches their current financial position so delivers maximum flexibility.\u201d<\/p>\n

JOBBATICAL BANKS $1.4 MILLION FROM AIRTREE VENTURES<\/h3>\n

What they do:<\/strong><\/span> Jobbatical is a two-year old Estonian-founded startup that provides tech professionals looking for a sea change with a global jobs marketplace, offering year-long projects with new teams in new places around the world. Since launching in 2014, Jobbatical has gained more than 60,000 members keen to relocate and start new work-life adventures.<\/p>\n

Led by<\/strong><\/span>: CEO Karoli Hindriks, a serial entrepreneur who co-founded the startup with Ronald Hindriks and Allan M\u00e4eots.<\/p>\n

How much:<\/strong><\/span> $1.4 million ($US1 million) from AirTree Ventures.<\/p>\n

What happens now:<\/strong><\/span> AirTree Ventures partner John Henderson says they have invested and partnered with Jobbatical to help it\u00a0break into the Asia Pacific region.<\/p>\n

\u201cEvery startup in Australia is crying out for more talented software developers, designers and growth hackers,\u201d Henderson says.<\/p>\n

\u201cJobbatical is helping solve a huge, global problem and we\u2019re excited to be helping the company expand into Australia and the Asia Pacific.<\/p>\n

\u201cWith this new partnership, the venture capital firm actively invests in attracting skilled talent into Australia and the Asia Pacific.\u201d<\/p>\n

This investment is one of many cross-border deals, including the recent $44.1 million Paxata round<\/a>,\u00a0that AirTree Venture is making to\u00a0bolster up its positioning in the global VC market.<\/p>\n

\u201cIt helps the whole ecosystem,\u201d AirTree Ventures partner Craig Blair told StartupSmart<\/em>.<\/p>\n

FLEETSU BANKS $45,000 INCLUDING PRIZES<\/h3>\n

What they do:<\/strong><\/span> Telematics platform Fleetsu is a Perth-based startup providing enterprises with a platform that integrates live GPS tracking, reporting features and satellite connectivity to optimise and manage the use of fleet vehicles, machinery and equipment. Fleetsu is used by a range of organisations including Australian police units to enhance rescue and search capabilities.<\/p>\n

Led by:<\/strong><\/span> CEO Jakub Felinski<\/p>\n

How much:<\/strong><\/span> $30,000 cash, including $15,000 in prize money from Motorola Solutions and $15,000 from the Queensland government.<\/p>\n

What happens now:<\/strong><\/span> Fleetsu took out the winning prize at a Brisbane-based hackathon held by Motorola Solutions to create solutions for operational challenges faced by public safety agencies.<\/p>\n

In addition to the money, Felinski is walking away with $15,000 in credit from Amazon Web Services to help get the solution to market.<\/p>\n

Follow StartupSmart on<\/em>\u00a0Facebook<\/a>,<\/em>\u00a0Twitter<\/a>,\u00a0LinkedIn<\/a>\u00a0and iTunes<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

In this week’s funding round, online lending, enterprise solutions and global hiring startups rake in nearly $35 million. The investment<\/p>\n","protected":false},"author":2,"featured_media":61507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,3,4,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/38849"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=38849"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/38849\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/61507"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=38849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=38849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=38849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}