Quite simply, Amazy was created out of a need for a seamless and straight-forward way to enable businesses to obtain the short term finance they require to expand and grow. The team at Amazy have worked in the accounting and finance industry for many years.

While assisting hundreds of everyday people with their finance goals, we identified the need for a quality short term funding product for our business clients – one that managed to bypass the incredible amount of red tape associated with that of a big bank application.

It is a kind of reformation in the short-term loan market of SMEs in Australia. At present, there is few financial entity focusing on short term business loans to SMEs, so amazy stands out in its way in the market.

As a traditional immigrant country, Australia pays more attention to the credit first principle of market economy. Thus, it sets up the strict credit mechanism. Australians focus on a balanced lifestyle. Benefiting from the sound national pension system, Australians enjoy the moment, and people seldom have the concept of active deposits. Cash mobility is also relatively scarce, which reflects in both personal finance and the financial situation of SMEs.

The Financial System Inquiry in 2014 showed that when SMEs seek external funds to satisfy financing demands, the primary approach is from families and friends.

Banks‘ lending models and venture capital are more suitable for large-scale enterprises. At the same time, because of the information asymmetry, supervision, and default risk, commercial banks usually impose high interest on the loans of SMEs.

1. Client Referrals - from the Professional Accountant and Financial Planner

2. Credit Report - Inspect the credit reports of independent credit rating company Vedas

3. Credit Exam - Strictly examine the credit status of SMEs, including synchronously importing the financial system data of clients, and evaluating the current financial status of customers through the advanced algorithm in multiple directions.

4. Real Time Monitor - Monitor customer financial status by synchronizing finance information in real time.

5. Lawyers - The professional lawyer prepares of the contract and holds laverage of the company