Lumi is an Australian fintech that focuses on lending to small and medium-sized enterprises (SMEs). The company offers quick access to capital, helping businesses manage cash flow and fund growth initiatives. This week, Lumi secured new funding that pushes its valuation to more than AU$100 million. The fresh capital strengthens the lender’s balance sheet and expands its warchest for issuing additional loans. While specific operating metrics such as loan volume or customer count were not disclosed, the sizable valuation underscores investor confidence in Lumi’s business model. The firm is expected to deploy the funds toward further scaling its lending operations and enhancing its financial product offerings.

Total raised

$15M

Funding rounds

1

Latest round

Equity

Latest activity

Jul 2023