Moula is an online lender whose primary goal is to help Australian businesses grow and thrive.
Moula provides a simple and convenient alternative to traditional lending, targeting the small and medium sized business.
Moula was founded in 2013 by Aris Allegos, Andrew Watt, and Piers Moller. The company is headquartered in Melbourne, Victoria, Australia.
Moula uses a combination of heads and hearts to identify good business and can approve and fund loans within 24 hours.
Moula is utilizing data, AI and machine learning to assess business loan applications made online. Successful applications can result in business loans of up to $500,000 being made available in 24-48 hours.
Moula has established itself as one of the most innovative lending platforms in Australia addressing finance needs for a significant proportion of Australian SMEs.” The company has processed over 20,000 business loan applications and growing its loan book by 124% in 2019 alone.
Moula is backed by Escala Partners (Lead), Acorn Capital, Liberty Financial and others. The company raised $20M in a Series D financing on Dec 09, 2019. This new round brings Moula's total funding to $50.9M to date.