Heartland Bank takes stake in online SME lender Fuelled

Sun, 19 Feb 2017

By Sophie Boot Feb. 20 (BusinessDesk) - Heartland Bank has bought 25 percent of online lender Fuelled for an undisclosed sum, giving it more exposure to online small-to-medium (SME) business lending. In a statement, Heartland said the shareholding came alongside a committed debt facility to help Fuelled accelerate its growth plans in Australasia. Fuelled gives SMEs an immediate cash advance on outstanding invoices, and Xero has selected it as an alternative lender in its "financial web". "This tight integration with Xero enables Fuell...

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