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Lending

The challenger bank has closed its $284 million Round 4 capital raise, with six new investors backing the Australian fintech, including UniSuper.

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LG Solar and Energy has pointed to SME lender Grow Finance as its preferred finance supplier.

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SME lender fintech Lumi has nabbed a $40-million warehouse facility, allowing it to expand its loan offer size.

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NAB has bought upstart challenger 86 400, signalling it will merge the neobank with its digital banking business UBank. 

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Loan platform Lendi has revealed a rise in mortgage activity in January, with there being pressure on banks to keep up.

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