But emerging businesses need more than money – they also need business support, said Nick Cloete, the founder of point-of-sale software system Kounta.
“It’s great to see the big banks taking notice of the growing start-up scene in Australia. We’d look into ANZ’s loan options to possibly help fuel the growth of Kounta, but start-ups aren’t just looking for cold, hard cash,” he said.
“They also want strategic investors who bring with them industry experience, partnerships, innovation and the sort of entrepreneurial spirit that we’re yet to see a bank match. Kounta is currently in its first round of funding and has a big focus on getting strategic investors and institutions on board.”