Alternative lending must come of age

Australia is lagging the world when it comes to alternative finance lending and we need to do more to ensure start-ups have access to capital to grow by putting frameworks and standards around the alternative finance lending market. This year alone in Britain, more than £2.4 billion in funds has been channelled into small business lending through marketplace or P2P lending. In contrast, in 2014 in Australia less than $100 million was raised through alternative finance lending. More is needed to encourage alternative finance lending to small and medium business enterprises Andrew Colliver Small Business Borrower Bill of Rights But we need the right building blocks in place if we...