Australia vs UK: Why the land of oligopolies is costing Aussie SMEs $291bn

Written by PR Newswire

SYDNEY, Nov. 22, 2021 /PRNewswire/ -- Global SME lending fintech Tradeplus24 believes an entrenched lack of competition and predatory lending industry practices is leaving Australian SMEs underfinanced to the tune of $291 billion through invoice financing alone, when compared to UK SMEs.

Tradeplus24 calculations compared invoice finance volumes as...

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