Atom Bank boss invests in Aussie invoice financer

By David Tuckwell on Thursday 7 September 2017

Alternative Lending

Anthony Thomson has invested an undisclosed sum in Timelio

Timelio gets another investor as it crosses A$100 million in invoices funded

Melbourne-based invoice financer Timelio has received investment from British entrepreneur Anthony Thomson, the founder of mobile app Atom Bank, the UK's first bank without bricks and mortar branches and operates entirely online. The size of the investment was undisclosed.

Anthony is the latest in a string of high flyers to invest in Timelio, which include Melbourne billionaire Alex Waislitz and former ANZ board director John Dahlsen.

“Anthony has a wealth of experience in challenging traditional banking models... His passion for fintech and bold vision for the future of financial services to bring change for the better, aligns with our philosophy and purpose”, said Charlotte Petris, Timelio's CEO.

Timelio hit A$100 million in invoices funded and reported its best ever quarter with growth in Q2 2017 of 50 percent on Q1 2017. The company says it hopes to reach the $200 million mark next year. 

Explaining his decision to invest in Timelio Anthony Thomson said: "The Australian fintech sector is incredibly exciting at the moment and I think that Timelio is one of the most interesting businesses in fintech I’ve come across anywhere in the world”.

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