tomato pay (formerly known as Fractal) CEO and Co-founder, Nicholas Heller states: “Australia's small-to-medium-sized enterprises (SMEs) are crucial both for wealth creation and for the people they employ. Productivity growth is essential for promoting long-term economic growth and higher living standards. It is therefore vital that SMEs are given the best chance of succeeding.
tomato pay is solving a global problem - the SME funding gap. Australia is the top priority market for our expansion strategy.
The UK-Australia Fintech Bridge gives us direct support from the UK government who can help position us strongly within such a stimulating market that is financially progressive, digitally enabled, and on route to launching Open Banking of which tomato pay has been at the forefront in Europe
Nicholas Heller commented: "We're excited to begin our journey in Australia this year, and start shaking up the financial services ecosystem that has deeply underserved small businesses for decades"
You can find out more about the work we did out in Australia last year, here.
You can find the press release from the Department of International Trade here.
You can find out more on those who reported on the initiative here.