Rapid Loans Pty Ltd
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Rapid Loans Pty Ltd - overview
Established
2003
Location
-, QLD, Australia
Primary Industry
Financial Services
About
Rapid Loans Pty Ltd is an Australian financial services company that specializes in providing personal and vehicle financing solutions designed to meet the diverse needs of its customers. Founded in 2003, Rapid Loans Pty Ltd is based in Gold Coast, Australia, and focuses on lending services for personal and vehicle financing. The company has completed one deal as of 2020-04-17, raising a total amount of USD 0. 00 mn in the latest funding round, which was Private Debt.
The founders' specific histories are not documented in available resources. Rapid Loans specializes in providing a range of personal and vehicle financing solutions tailored to meet the diverse needs of everyday Australians. The company’s core product offerings include car loans, personal loans, debt consolidation loans, and travel loans. These financial products assist customers in managing unexpected expenses, funding personal projects such as weddings, or consolidating debts.
Rapid Loans targets a broad client base, including individuals seeking financial assistance for various life events, while operating primarily within urban and suburban areas in Australia. In the most recent fiscal year of 2019, Rapid Loans reported revenue of USD 16. 48 mn and an EBITDA of USD 6. 36 mn.
The company's revenue generation occurs through structured loan agreements, beginning with an online application process. Once approved, clients receive funds for purposes such as vehicle purchases or personal financing. Loan amounts range from USD 2,001 to USD 50,000, with repayment terms from 24 to 60 months, focusing on direct-to-consumer transactions and long-term customer relationships. As of the last deal date on 2020-04-17, Rapid Loans is reportedly strategizing for future growth by enhancing its product offerings and exploring potential expansions into new geographic markets.
Specific upcoming products or timelines for release have not been detailed in the available data. The company also aims to utilize insights from recent funding to support these growth initiatives.
Primary Industry
Financial Services
Sub Industries
Consumer Finance, Credit Collections & Services
Website
www.rapidloans.com.au
Verticals
FinTech
Total Amount Raised
Subscriber access only
Rapid Loans Pty Ltd - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private Debt | Completed | Rapid Loans Pty Ltd | - |
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