Online mortgage marketplace HashChing said it was in the midst of raising A$6 million in new capital, through mid-market platform Neu.Capital. Launched in August 2015, HashChing said it has now received $5 billion in home loan applications. Research by RFI for American Express of 355 CFOs of mid-sized businesses across Australia has found that delayed or late payment is "endemic within the mid-market - with 30 per cent of mid-sized businesses unable to reconcile their invoices at the very least every other month." At present, "mid-sized businesses owe on average A$66,000 in outstanding supplier payments, equating to a total market value of more than $8 billion, with 24 per cent of this overdue, American Express said. Rob Jesudason, currently group executive for International Financial Services, will take over as Chief Financial Officer at Commonwealth Bank from July. David Craig will retire as CFO on 30 June 2017, after more than ten years. Jesudason joined CBA as head of strategy in 2011, and since 2014 has led the International Financial Services division, based in Hong Kong. MyState Financial is offering staff an annual pay rise of two per cent per annum and a tiered system of bonuses. The Finance Sector Union spelled out the Tasmanian ADI's pay offer at its website, pointing out that "the average annual increase in enterprise bargaining agreements is 3.4 per cent."