Synergetic developed an online credit technology allowing banks and other lenders to approve finance over the web. Traditionally home and car loan finance approvals involve a lot of paper work and hassle. This Company had developed a technology that could enable banks to process applications instantaneously.
The challenge was that no lender in Australia yet supported the Company’s platform. It was a technology in search of a customer. No revenues existed in the business either.
We employed a crowd funding solution for this particular offer scheduling road shows around Australia and secured $570,000 into the business in a few months.