Total amount raised
$50.9 Millions
Latest funding date
12/01/2019
Location
Moula has successfully raised funds through multiple rounds, with the latest being a Series D round on December 9, 2019. The company is backed by six investors, including Acorn Capital and Liberty Financial.
Keep reading to explore the intricacies of Moula's fundraising journey and the investors backing this innovative platform.
What Is Moula?
Moula, founded on July 1, 2013, is a financial services company based in Melbourne, Victoria, Australia. The company was established by Andrew Watt, Aris Allegos, and Piers Moller.
Specializing in providing business loans to small and medium-sized enterprises (SMEs), Moula employs between 101 and 250 people. The company offers unsecured loans ranging from $10,000 to $250,000 with terms between 12 to 36 months, emphasizing a quick and straightforward online application process.
How Much Funding Has Moula Raised?
- Series D
- Amount Raised: $20M
- Date: December 2019
- Lead Investors: Escala Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale up business lending, invest in machine learning technology, and develop new products such as Moula Pay.
- Series A
- Amount Raised: $30M
- Date: June 2015
- Lead Investors: Liberty Financial Companies, Inc
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely aimed at expanding their lending capabilities and business operations.
- Seed Round
- Amount Raised: A$1M
- Date: November 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely aimed at initial business setup and early-stage operations.
Total Amount Raised: $51M
Current Valuation: Not publicly disclosed
Key Investors
- Escala Partners
- Details: Escala Partners is a wealth management firm based in Australia. They provide tailored investment solutions and financial advice to high-net-worth individuals and institutions.
- Investment Focus Areas: Wealth management, financial planning, investment advisory.
- Notable Investments: Not publicly disclosed.
- Liberty Financial Companies, Inc
- Details: Liberty Financial is a diversified financial services company offering a range of products including home loans, car loans, and business loans. They are known for their flexible lending solutions.
- Investment Focus Areas: Financial services, lending, fintech.
- Notable Investments: Moula.
- Acorn Capital
- Details: Acorn Capital is an Australian investment firm that focuses on small and emerging companies. They aim to support businesses that contribute to employment, productivity, and innovation.
- Investment Focus Areas: Data-driven technology, small and high-growth companies, innovation.
- Notable Investments: Not publicly disclosed.
What's Next for Moula?
Moula's future looks promising as it scales up its business lending operations and enhances its SEM lending capabilities. With a focus on talent acquisition and the development of machine learning technology, the company is well-positioned to expand its product offerings, including Moula Pay. The significant growth in their loan book and the processing of over 20,000 business loan applications highlight the vast opportunities available.
Future fundraising opportunities seem likely, given the successful Series D round and the company's break-even point. This trajectory suggests potential for further investment rounds to support their growth. However, Moula may face challenges such as competition from other non-bank lenders and traditional financial institutions, as well as the need to maintain sustainable growth while scaling operations.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Moula and gather other critical business insights. Sign up for free to start transforming your sales strategy today.
