# Shift Financial

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shift-financial-pty

- Industry: Financial Services
- Headquarters: Sydney, Australia
- Website: www.shift.com.au
- Total disclosed funding: $42M
- Latest round: Series D (Aug 26, 2024)
- Investors on record: 3

## About

Based in Australia and founded in 2013, Shift Financial Pty Ltd formerly known as GetCapital provides financial services with its technology-based platforms such as credit and payments solutions. As of 2023, the company is headed by its CEO Jamie Osborn. In February 2023, the firm raised AUD 27 million in Series C funding led by investor Sequoia Capital.

The company offers technology-based platform that provide a wide range of products such as business loan which includes business overdraft and term loan. Additionally, the firm provides equipment finance and vehicle finance up to AUD 1 million. Furthermore the firm also provides solution for managing customer trade accounts. Shift offers a real-time perspective of a company's financial situation thanks to streaming data. This makes it possible to set limits dynamically and improve credit modelling.

The company plan to use the February 2023 funding to further enhance innovative suite of credit and payment products and deliver even more value to network of broker partners, merchants and direct customers.

## Funding rounds

- Series D, Aug 26, 2024, $24M — Peak XV Partners
- Series C, Feb 15, 2023, $19M — Hong Shan
- Series B, Sep 1, 2017 — Alto Partners

## Investors

- Alto Partners (https://capitalatlas.ai/funds/alto-partners) — Series B
- Hong Shan — Series C
- Peak XV Partners (https://capitalatlas.ai/funds/peak-xv-partners) — Series D