Real-time working capital (Australia)

Cloudfloat has launched a working-capital product in Australia that it says can fund small businesses in under 60 seconds. (australianfintech.com.au) The Sydney company said its new “Working Capital” product offers up to A$250,000 to small and medium-sized businesses with an approved funding limit. Cloudfloat said the process runs from request to settlement in less than a minute. (australianfintech.com.au) Working capital is the cash a business uses to cover near-term bills such as wages, supplier invoices and tax. Cloudfloat said its platform is built to show cashflow and release funding at the moment a business decides it needs extra liquidity. (sprintlaw.com.au, australianfintech.com.au) Cloudfloat said the launch comes about 10 weeks before Australia’s Payday Super rules start on 1 July 2026. Under those rules, employers will have to pay superannuation with each payroll cycle instead of quarterly. (australianfintech.com.au, ato.gov.au) The Australian Taxation Office says Payday Super changes how employers calculate, pay and report super guarantee from 1 July 2026. Treasury’s factsheet says the reform aligns super payments with salary and wages rather than the current quarterly timetable. (ato.gov.au, treasury.gov.au) That timing matters for small firms because faster super payments can pull cash out of the business earlier. Cloudfloat cited Employment Hero modelling that put the average working-capital shift at about A$124,000 per employer from day one. (australianfintech.com.au) Cloudfloat is not entering a market with no digital rivals, but it is pitching a different speed and workflow. Commonwealth Bank’s Stream Working Capital lets businesses connect accounting software and borrow against unpaid invoices, with funding tied to receivables rather than an instant general-purpose draw. (commbank.com.au) Cloudfloat said eligibility and limits are set by its proprietary Trust Score Engine, which it said has been tested across more than 30,000 transactions with a default rate below 1% on its approved book. The company said its lending is funded through a warehouse securitisation program. (australianfintech.com.au) The new product is Cloudfloat’s third offering after Pay-Later and Split-Later. The company says those products have served more than 1,100 approved Australian businesses, while its broader platform says it was founded in 2020 and has processed more than 150,000 payments. (australianfintech.com.au, cloudfloat.com) For Australian small businesses heading into the 1 July payroll change, the pitch is simple: if cash has to move faster, funding may have to move faster too. (ato.gov.au, australianfintech.com.au)