About Business Fuel
Business Fuel is a company based in Brisbane (Australia) founded in 2012 was acquired by ScotPac in April 2022.. Business Fuel offers products and services including Business Loans, Equipment and Vehicle Finance, and Cashflow and Invoice Funding. Business Fuel operates in a competitive market with competitors including C2FO and FundX, among others.
- Headquarter Brisbane, Australia
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Business Fuel (Cash Advance) Pty Ltd
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Products & Services of Business Fuel
Business Fuel offers a comprehensive portfolio of products and services, including Business Loans, Equipment and Vehicle Finance, and Cashflow and Invoice Funding. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides funding from $10,000 to $500,000 for business growth
Offers loans for purchasing business equipment and vehicles
Supports business operations through invoice-based financing
Funding Insights of Business Fuel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Business Fuel
Business Fuel has secured backing from 1 investor. Prominent investors backing the company include ScotPac. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Funding is extended to small and medium enterprises by ScotPac.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Business Fuel
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Business Fuel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Business Fuel Comparisons
Competitors of Business Fuel
Business Fuel operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as C2FO and FundX, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of cash flow optimization and dynamic discounting solutions for businesses and vendors
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| domain | founded_year | HQ Location |
Money is advanced against outstanding invoices for Australian SMEs.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Business Fuel
Frequently Asked Questions about Business Fuel
When was Business Fuel founded?
Business Fuel was founded in 2012.
Where is Business Fuel located?
Business Fuel is headquartered in Brisbane, Australia. It is registered at Brisbane, Queensland, Australia.
Who is the current CEO of Business Fuel?
Wade Doblo is the current CEO of Business Fuel.
What does Business Fuel do?
Business Fuel was founded in 2012 in Brisbane, Australia, as an online lending platform in the fintech sector. Business loans, equipment financing, and cash flow loans are provided to eligible small businesses. Repayments are structured weekly, with funding sourced from lending partners. Eligibility requires operations for at least 12 months and minimum monthly sales of AUD 10,000. Approved funds are disbursed within three days.
Who are the top competitors of Business Fuel?
What products or services does Business Fuel offer?
Business Fuel offers Business Loans, Equipment and Vehicle Finance, and Cashflow and Invoice Funding.
Who are Business Fuel's investors?
Business Fuel has 1 investor. Key investors include ScotPac.