MYOB and Valiant announce exclusive partnership to improve access to finance for SMEs
22 Jun 2021
ANZ business management platform MYOB and Sydney-based fintech Valiant have forged an exclusive partnership to enable data-informed financing offerings for streamlined access to capital for Australia’s small businesses.
The vision for the partnership is to deliver fully integrated, predictive financing options, where MYOB’s software will indicate to customers where they can anticipate upcoming capital needs and access potential lending solutions through Valiant.
The partnership will see eligible MYOB customers gain access to a tailored subset of Valiant’s more than 80-strong lending panel, with providers ranging from the Big 4 to the boutique, offering diverse finance facilities such as term loans, business overdrafts, commercial and development lending, fit-out financing and asset finance.
MYOB’s General Manager for Financial Services Andrew Baines said the partnership would create a one stop shop for SME working capital needs.
“Access to working capital at the precise moment it’s needed can be the difference between live or die for a small business. Our data demonstrates more than a quarter (26%) of SME owners and operators find access to finance a source of a lot to extreme pressure* and that’s extra worry no business needs in these times of recovery.
“We are excited by the opportunity to streamline the customer experience with Valiant, saving businesses time on paperwork and offering an easy way to access the right solution, at the right time. Time saved can then be better spent on activity that provides greater value to their business.”
Valiant, which started in Sydney in 2015, will match customers with relevant lending options that suit their business needs and manage all stages of the process, from inquiry to settlement, within their digital platform. These options will be integrated into the workflow of MYOB’s software.
Alex Molloy, Founder and CEO of Valiant, said, “Combining MYOB data with Valiant’s breadth of capital solutions is a world-first offering for small business owners. Our shared ambition is to predict and serve finance needs more accurately and faster than anyone else, becoming the trusted finance partner for all MYOB customers. We look forward to doing the heavy lifting for MYOB customers so they can spend more time achieving their goals."
The partnership with Valiant is the next step in MYOB’s acceleration into financial services. It follows MYOB’s announcement of new invoice financing solutions available through Butn, which is set to be switched on for MYOB Essentials customers over the next few months.
Valiant’s financing offerings are now available via a dedicated MYOB landing page. Predictive lending solutions will be integrated with MYOB Essentials by the end of the year. Businesses interested in exploring Valiant’s lending solutions can find out more here: www.myob.com/business-loans.
For more information please contact:
Collette Betts, MYOB, AU Corporate Affairs Manager
MYOB is a leading business platform with a core purpose of helping more businesses in Australia and New Zealand start, survive and succeed.
MYOB delivers end-to-end business, financial and accounting solutions direct to businesses employing between 0 and 1000 employees, alongside a network of accountants, bookkeepers and consultants.
For more information visit myob.com or follow @MYOB on Twitter.
Valiant Finance helps Australian business owners find the best loan for their business. Using our market-leading proprietary technology, business owners can explore their financing options online and be supported by our product-agnostic advisory. The platform offers a seamless customer experience, exceptional service, and the ability to submit a single digital application regardless of the lender. Valiant works with over 80 lenders to ensure Australian small business owners are finding finance that supports the growth of their business and saves them valuable time.
*Source: Business Monitor June 2021