Q2 Cloud Lending Helps GetCapital Accelerate Loans to Small and Medium Enterprises (SME) Affected by Coronavirus
27 Mai 2020 - 11:00PM
Business Wire
Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of digital
transformation solutions for banking and lending, announced today
that GetCapital adapted its suite of working capital products in
just two weeks to accelerate application acceptance and funding to
small and medium enterprises under the Australian Coronavirus Small
and Medium Enterprises (SME) Guarantee Scheme. This solution is
provided via Q2 Cloud Lending, Q2’s integrated, cloud-based lending
platform.
GetCapital, a Q2 customer since 2015, is one of Australia’s
leading non-bank business lenders and was one of the first to offer
loans under the SME Guarantee scheme. Due to the urgency of getting
financial support into the hands of SMEs, the Q2 Cloud Lending
solution is focused on streamlining and digitising the loan process
and can be set up and running within a week. The solution is
designed to meet the expectations of the mobile-first borrower and
is built natively on the Force.com platform, providing
best-in-class flexibility, speed to market and scale.
‘We are thankful the Treasury operationalised the Scheme very
quickly’, said Jamie Osborn, CEO of GetCapital. ‘A key challenge
for businesses is getting access to finance to help with the
liquidity they need to see them through to the other side of this
crisis.’
The Coronavirus SME Guarantee Scheme will support up to $40
billion of lending and guarantee 50 per cent of new loans issued by
eligible lenders to SMEs. The initiative will enhance lenders’
willingness and ability to provide credit, supporting many
otherwise viable SMEs to access vital additional funding to get
through the impact of Coronavirus. The Scheme will be available for
new loans made by participating lenders until 30 September
2020.
‘SMEs have been some of the hardest hit in this crisis, and
using technology to help deliver aid and reduce their pain during
this moment is critical. We are committed to working with
organisations like GetCapital to help them serve those who need
them most right now’, said Chris Boas, managing director of Q2
Cloud Lending in Australia.
‘Q2 Cloud Lending provided great support’, said Eldar Averdi,
CTO of GetCapital. ‘The flexible, cloud-based platform enabled us
to deliver a solution in a very short period of time with features
such as 6-month payment deferral.’
For more information on Q2’s Coronavirus SME Guarantee Scheme
solution, please visit https://www.q2ebanking.com/sba-anz.
About Q2 Cloud Lending
Q2 Cloud Lending delivers secure, cloud-based digital
transformation solutions with actionable data analytics and access
to open technology tools. Since 2004, we’ve built stronger
communities by strengthening their financial institutions. Our
digital banking solutions for deposits, money movement, lending,
leasing, security and fraud enable financial institutions to
deliver a better customer experience. To learn more about Q2, visit
www.q2ebanking.com.
About GetCapital
A leading non-bank lender, GetCapital services SME’s with
business finance, asset finance and payments solutions. With a
strong focus on customers, GetCapital provides the finance
businesses need and the service they deserve. Its track record and
commitment to business finance innovation has been recognised by
top industry awards: GetCapital has made the Deloitte Fast 50 Top
25 three years in a row; was ranked among LinkedIn's Top Australian
Startups in 2019; AFR’s Fast 100; been listed in SmartCompany's Top
10 Smart50 2017-2018 and ranked among the fastest-growing
technology companies in Asia Pacific.
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version on businesswire.com: https://www.businesswire.com/news/home/20200527005876/en/
Beth Williams Q2 Holdings, Inc. O: 512.685.2023
beth.williams@q2ebanking.com
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