Shift, an Australian provider of credit and payment products for businesses, has secured a $35 million Series D funding round led by Peak XV Partners.
The company, celebrating its 10th anniversary, has served over 25,000 businesses and provided $3.5 billion in aggregate funding since its inception in 2014.
This new capital will be used to enhance Shift's proprietary data models and platforms, aiming to improve credit decisions and customer experience for Australian businesses and commercial brokers.
Shift's CEO, Jamie Osborn, emphasises the company's focus on profitable and sustainable growth while managing risk for debt investors and providing strong returns for shareholders.