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Tech Fintech challenges Veda, Dun & Bradstreet

But CreditMe's primary customer is the small business rather than the bank, so it will get access to all their financials, which it claims will make for a more accurate assessment more akin to the big ratings agencies.Typically, an SME will go to their bank to ask for a loan, with a small number considering the numerous online alternatives that have cropped up in recent years.But CreditMe . It gives them a credit rating and then advises them on which lenders would be the best for them .
Financial Review
36 Points

Money Slater&Gordon lenders' nod for restructure

The legal company has struggled to convince its lenders to agree to amending the terms of its existing facility after reporting a half-year net loss of $958.3 million in February, following a writedown in its recently-acquired UK operations.Slater's lenders will restructure the debt as term loans, with the first tranche of $315 million due for maturity in May 2018.They have imposed new financial covenants, with increased frequency of reporting, and asked the company not to declare any dividends.
19 Points

Money Arrium stock suspended as fund talks roll

Troubled steelmaker Arrium has sought a suspension of its shares on the ASX as it talks with its lenders about a recapitalisation plan.Arrium shares have been in a trading halt since Monday, after bankers rejected the South Australian firm's recapitalisation plan.The company says it expects to make a further announcement about its discussions with lenders within a week.
22 Points