Company Launch: YOZO a quick and open answer to business lending maze

YOZO is redefining lending for small business by offering a transparent and seamless experience for their borrowing needs. Firstly, by taking the guessing game out of an increasingly frustrating question, “how much can my business borrow?”. YOZO helps small business gauge their borrowing capacity in under a minute. Secondly, by providing an intuitive online experience to apply and receive funds in 48 hours for approved customers.

Business Lending Calculator – 30 seconds to understand your potential.

Developed in conjunction with the award-winning Advanced Analytics Institute (AAI) at University of Technology Sydney (UTS), the YOZO Limit Calculator provides businesses with an evaluation of their potential unsecured borrowing capacity – essential for managing cash flow in start-up and growth phases and business owners who don’t own a home. Each evaluation is accompanied with an indicative simple interest repayment schedule to help understand the cost of a loan.

Important for business owners, the use of Artificial Intelligence (AI) and data science has streamlined the process, eliminating the need for detailed personal data or credit bureau checks in calculating their indicative borrowing limit.

“The changing landscape of lending regulations in Australia is increasingly hard to navigate. Our aim is to help small business cut through this to ensure they can make the most of every opportunity.” Co-Founder Matthew Driscoll.

Simple, Fast and Transparent – Funding within 48 hours

Business owners can quickly navigate the intuitive self-service site to apply for finance 24 hours a day. Integrating with BankStatements and (Creditor)Watch, an application can be assessed, approved and funded into the business’s bank account within 48 hours. A simple sign-up process provides the business a dashboard of their current estimated limit, facilities and their application status, so they’re always informed.

We are also pleased to partner with Prospa, Australia’s #1 online lender to small business who are regarded as the market leader in their category.

“Ensuring our customers are always informed and in control was essential in the design of YOZO. Business owners don’t operate 9-5 and we need to ensure we can support them when they need.” YOZO Co-Founder Sunny Zhu.

Information and Education – Unlocking opportunities and success

Businesses will be able to access a range of practical information to support their operations. Powered by leading Asia Pacific advisory and accounting firm, ShineWing Australia, the YOZO Knowledge Centre will provide domestic business alerts, information on business tax, accounting and compliance, tips on managing your finances and expanding your enterprise into the APAC region.

“There are so many challenges in starting up and expanding your own business. Regulations, red tape can trip you up at the last minute. We’re delighted to have ShineWing partner with us, sharing their knowledge to enable success.” Co-Founder Alan Yu.

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