The Morrison government is extending a subsidised credit scheme for SMBs. Australian fintech is instead banking on the idea it can provide more targeted assistance for small businesses.

Fintech Aveue is launching a Series B funding round to build its challenger bank. CEO George Confos says it's an exciting time and big things are coming.

Small business finance contender Avenue is ramping up its pitch to take on the big Australian banks, hiring KPMG Corporate Finance to kick off a series B funding round.