Small business ventures in Australia are currently struggling to access affordable finance as lending to such smaller firms has been relatively flat since January 2019, according to California-headquartered Taulia, the leading fintech provider of working capital solutions. Meanwhile, Australian small businesses have felt the adverse impact of the Covid-19 pandemic much more severely than the medium-sized and larger firms, emphasized Steve Scott, Head of Asia Pacific at Taulia. So, helping small businesses understand and access various forms of alternative and cheaper finance, such as supply chain finance, must be given top-most priority if the Australian business landscape has to thrive and sustain itself, Scott added.
