The startup funding announcements are coming thick and fast as we draw closer to the end of the financial year. This week we’ve counted eight Australian startups that have together raised more than $36 million in sectors including home lending, agtech, logistics software, alternative protein production and sustainable clothing. Keep reading to find out more.
Bridgit: $14.6 million Bridgit founders. Source: Supplied Home lending fintech Bridgit leads this week’s funding round-up with a $14.
6 million Series A round, led by OIF Ventures. At the same time, Bridgit has also announced it has taken on $125 million in debt financing led by an unnamed global bank to help it continue to offer flexibility for Australian homebuyers. Founded in 2021 by Aaron Bassin and Nick Jacobs, Bridgit seeks to help users buy their next home before selling their current one, with regulated, same-day bridging loans of up to $4 million.
The startup said in a statement it plans to use the Series A funding to continue optimising its digital lending platform, which is currently facilitating more than $600 million in short-term loans annually. In a statement provided to SmartCompany , co-founder and CEO Aaron Bassin described home ownership as “a big part of ‘the Aussie dream’” and said homeowners deserve “more options and flexibility when considering their next steps”. “Buying now, selling later gives homeowners a way to jump on property opportunities without getting caught in the sell-bu.