Timelio adds new weight to Aussie AltFin market

Australia’s bourgeoning alternative lending scene saw new investment Friday when reports emerged that Timelio raised more than $3.7m. The small business lending startup secured the funding from Thorney Investment Group in the form of equity investment sometime last month, reports said. Former ANZ Bank Board Director John Dahlsen also participated in the investment. Reports noted that Dahlsen has criticized traditional Australian banks in the past, citing a lack of innovation. Read more: pymnts.com