Innovative fintech company achieves 200% first-half growth, surprising industry incumbents
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Skyecap, a leading Australian fintech company, announced unprecedented growth for the first half of 2024. The company’s innovative AI-driven business model has resulted in a 200% increase in clients compared to last year, solidifying Skyecap’s position as a significant disruptor in the fintech space. Skyecap offers its clients a customised experience, humanising the owners behind the businesses it serves.
Addressing a huge industry dominated by large incumbents
Skyecap’s proprietary algorithm, SkyeAI, has onboarded over 25,000 clients in the past six months. This remarkable efficiency has allowed the company to capture a significant portion of the industry, which, according to recent industry forecasts, is projected to reach $100 billion by 2030.
Skyecap’s director, Andrew Spira, commented on the company’s success: “Our rapid growth is a testament to the pressing need for innovation. By leveraging advanced AI technology, we can assess our clients’ needs more comprehensively and efficiently than ever before, opening doors for businesses traditionally underserved by industry incumbents.“
An Innovative Approach to SMEs
The company’s success is critical for Australia’s SME sector. Recent Australian Bureau of Statistics data indicates that SMEs account for 99.8% of all businesses in the country and employ 68% of the workforce.
“What sets Skyecap apart is our ability to see potential where others see the downside,” Spira explained. “Our data shows that over 60% of our clients were for businesses turned away by our competitors. We’re unlocking growth potential that has long been overlooked.”
Skyecap’s innovative approach extends beyond its business model. The company is exploring opportunities in green energy, aligning with Australia’s commitment to reaching net-zero emissions by 2050.
As Skyecap continues to reshape Australia’s business landscape, Spira offered a final reflection: “We’re transforming how small businesses think about growth and opportunity. Contributing to the vibrancy and diversity of Australia’s entire economic ecosystem gives us a sense of purpose and keeps us focussed on our clients’ needs..”
About the company: Founded in 2018, Skyecap is a leading Australian fintech company for small and medium enterprises. Using advanced AI technology, Skyecap provides fast, flexible, and accessible growth solutions.
Contact Info:
Name: Andrew Spira
Email: Send Email
Organization: Skyecap
Website: https://skyecap.com.au/
Release ID: 89137522
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