Judo Capital Review

Founded in 2018, Judo Capital keeps its headquarters in Melbourne, Australia. At this point, they are a fintech startup in the truest sense of the word. They have been authorised to loan money to small businesses, but their banking license is still pending.

Below, we’ll break down what Judo Capital has to offer, and determine if they’re a good choice for SMEs.

Judo Capital Review in Numbers

Australian Business Number (ABN): 11 615 995 581
Australian Credit License: 501091
Loan amount: $250,000 to $5,000,000
Loan term: Up to 5 years
Unsecured Loans Offered? Yes
Easy Online Application: No. It is not readily apparent where a customer needs to go on their website to apply for a loan.
Response Normally Within: Five Days
Documents Required to Apply: Proof of business assets and property.
Requirements to Apply: Proof of business assets and property.
Minimal Interest Rates: 2.07% (as of February 2019)
General Feedback from Clients Online: Judo Capital is only a year old. At present, we can’t find any reviews on major sites like Trustpilot.
Awards and Recognition: Judo Capital has yet to win any awards. Given its age, though, this will likely change in the years ahead.
Website Address: https://www.judocapital.com.au/

 

Short Summary:

Judo Capital offers several types of financing for its customers. They provide standard business loans – available with fixed or variable rates at terms up to five years, they also offer flexible repayment. These options include interest-only terms – useful for businesses experiencing tight finances.

Their line of credit is another attractive product for business owners. Offering up to $5 million in liquidity, businesses can cover unexpected expenses without interruption to their cash flow. With no scheduled repayments (other than interest), this product can stabilize a company’s finances.

Other products include equipment loans, finance leases, and home loans. Each offers flexible repayment options that range from quarterly to those tailored to seasonal cash flow.

At present, Judo Capital offers unsecured/secured loans ranging between $250,000 and $5,000,000. In addition to flexible repayment, the time frames of these products are also attractive. With terms as long as five years, payments are less burdensome on borrowers, allowing companies to focus on growth.

Company Story

Founded in March 2018, Judo Capital has only been in business for a year. However, they have done tremendously well, bringing in $140 million in funding from firms like Ironbridge Capital.

Why have they generated such buzz in Australia’s fintech industry? According to recent surveys, there is an $80 billion funding gap between SMEs and the financial establishment. As an industry, big Australian banks scored a 2.5/10 for trustworthiness, according to a poll of small business owners.

In a nutshell, Australian entrepreneurs are fed up with the tight purse strings of legacy lenders. Firms like Judo Capital have liberal acceptance terms, flexible repayment structures, and more. As a result, they are experiencing exponential growth in a market starved for capital.

Classic Funding Group Reviews by Clients

As a newcomer to the alternative lending space, reviews of Judo Capital are hard to come by. They lack a Trustpilot page, and customers have yet to leave feedback on their Facebook. With only 92 ‘likes’ at the writing of this article, it is safe to conclude they presently have low name recognition in the fintech marketplace.

While not a customer review, one employee left a review on Glassdoor. It was a positive review, lauding the lack of interference by executives in customer service matters.

Analysis of Client Reviews:

Customers have yet to leave a review on their experiences with Judo Capital. As such, there is currently no data to break down. However, we can surmise that the experience of pioneer customers has been positive.

Most clients who have negative experiences leave reviews to warn others. At present, no feedback like exists online – a case of ‘no news is good news’, if you will.

Classic Funding Group Loan Compatibility

  • Startup: Yes, but they assess loans on a case-by-case basis with relationship bankers.
  • Bad credit: Yes, but they assess loans on a case-by-case basis with relationship bankers.
  • Sole trader: Yes. Judo specialises in loaning capital to small business owners.
  • Established business: Yes. With a track record, Judo Capital will gladly lend to established SMEs.

Judo Capital Alternatives in Australia:

Unlike Judo Capital, the following Australian lenders allow easy and quick online application and financing as quickly as within 24h. If you require immediate financing you should look into them.

Best Lender As Rated By Users ⭐⭐⭐⭐⭐

Est. 2011  

  • Funding: $5,000 to $300,000.
  • Multi-award Winning Market Leader.
  • 1-2 Days for Response to Application.
  • 4.9 / 5 on TrustPilot.
  • Offers Unsecured Business Loans
  • Funded over 20,000 Australian businesses.

Our Rating:🏆 97.0%  

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Detailed Prospa Review

The Industry Veteran ⭐⭐⭐⭐⭐

Est. 2002

  • Funding: $5,000 to $300,000.
  • Fewest Documents Required
  • Industry veteran for 17 years 
  • 99% Positive Client Reviews.
  • Accepts New Business (6-month minimum time in operation).
  • Min. Monthly Turnover $10,000.

The Smart and Elegant Solution ⭐⭐⭐⭐⭐

Est. 2013

  • Funding: $5,000 to $500,000.
  • With or without security. Cash advance, business overdraft, equipment financing and line of credit available.
  • 24hr approval.
  • Deloitte’s Technology Fast 50 2018 
  • Normally doesn’t accept Bad Credit Borrowers.