AN R&D FUNDING REVOLUTION
Radium is a simple idea conceived by a team of Australian fintech entrepreneurs and brought to life in 2016.
Identifying the difficulty in balancing cashflow whilst running a successful R&D program, we developed a platform that turns a traditionally complex financial product into one which is now readily accessible to Australian companies undertaking R&D programs.
Radium quickly assesses businesses applicability for a Radium Advance offering, providing approval within two business days and funding within a further three business days.
Some of our highlights since launching in 2017 include:
- Advances to date range from $10,000 up to $6.4M, with an average of $235,000.
- 83% of all applicants are approved and funded.
- 30% of clients return for repeat advances.
- Information Technology is the largest industry by volume of advances and Mining is the largest by dollars advanced.
Our goal? Simple. To be the number one provider of R&D finance in Australia.