Small- and medium-sized enterprise (SME) finance aggregator Swoop is expanding into Australia.
Swoop, which launched in the UK and Ireland in 2018, provides access to funding across equity, grants and loans as well as identifying how businesses can make savings.
It has appointed Tim Brown as chief executive of Swoop in Australia to lead the company’s first international expansion. He will be responsible for growth in that market as well as New Zealand.
Brown has experience working in Australia’s finance market, having previously held the role of chief executive at lender Ezifin Financial Services and finance aggregator Vow Financial.
From 2013 to 2015 Brown was chair of the Mortgage Finance Association of Australia, the national body of professional finance brokers.
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“I’m very excited to be appointed as chief executive of Swoop Funding Australia,” Brown said in a LinkedIn post.
“I have not seen anything that comes close to Swoop’s breadth and diversity of funding options for small businesses.”
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Scott Patterson, senior fintech market advisor for Ireland’s state economic development agency Enterprise Ireland, is supporting Swoop’s launch into Australia.
“It’s been a pleasure to have worked closely with new Australian chief executive Tim Brown, and company founders Andrea Reynolds, Ciaran Burke and the team on the launch of Irish Fintech Swoop to the Australian market,” he said in a post on LinkedIn.
“An outstanding proposition, and an exceptional team who provide much needed assistance for SMEs to access funding support during a time when they need it most.”