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Shift completes $200 million Business Overdraft 2025-1 Securitisation

Shift, a leading provider of credit and payment products to Australian businesses, today announced the completion of the Shift Overdraft 2025-1 Securitisation, a $200 million ABS.

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Shift appoints Praveenesh Pala as Chief Financial Officer 

Shift, a leading provider of credit and payment products to Australian businesses, has announced the appointment of Praveenesh (Prav) Pala to the role of Chief Financial Officer (CFO), effective immediately.

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Brokers set to focus on relationships and retention in 2025

Shift surveyed over 200 commercial brokers in October and hosted a series of roundtables to discuss opportunities and challenges for brokers and their clients as they prepare for the new year.

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Shift Closes $AUD35m Series D Equity Raise  

Shift, a leading provider of credit and payment products to Australian businesses, announced today that it has closed an $AUD35 million Series D funding round, led by Peak XV Partners (formerly Sequoia Capital, SEA).

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Shift completes $230 million Asset Backed Securitisation (ABS) 

Shift, a leading provider of credit and payment products to Australian businesses, today announced the completion of the Shift 2024-1 Trust, a $230m ABS, upsized from an original $200m offer. 

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2024 a year of value-add for commercial brokers 

nto the second quarter of the year, commercial brokers have indicated that their biggest opportunities lie in helping clients with asset purchases and retaining clients by delivering value-added services. 

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