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Marketlend in the money

Leo Tyndall's Marketlend platform has lined up the best part of $A100 million in new funding, the bulk managed by Korean connections.Operated from a barristers' chambers in Sydney, Marketlend now says it has originated $120 million in receivables and poised for growth.This funding will be used to fund Australian and APAC trade credit offerings, "including the provision of capital for its UnLock product, the Buy-Now-Pay-Later B2B solution."A first chunk of a $40 million in a debtor financing facility "was immediately applied to fund loans on the platform, and it underscores the bigger opportunities that they are seeing flow through the platform" Tyndall, the P2P lender's founder and CEO said.

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