Archa business credit card: Are you eligible?

Archa, the consumer neobank turned business expense management platform, is touting its new smart business credit card as the solution to Aussie business’s financial admin needs.
Currently available in beta mode, the card bundles flexible and instant credit with an intuitive platform to help business owners manage expenses.
Founder and CEO Oliver Kidd said the company’s foray into the B2B space was spurred by its own difficulties dealing with large financial institutions.
“There was a lack of options and too much red tape when it came to business credit card requests from the big banks. Over the years, business credit cards have been commoditised as point product,” he said.
“While points sound attractive, for early stage, high-growth businesses, time is money; there needed to be a better solution that simplified financial admin to allow businesses more time to focus on the bigger picture and that is growth.”
By linking their accounting software, Archa business customers will be able to review expenses by category, set spending limits, and capture transactions in real time.
It currently operates on a subscription model, so cardholders will pay no interest.
What’s more, the sign-up process takes less than five minutes and does not require a personal guarantee. To be eligible, Australian businesses must have:
- An ABN or ACN
- At least six months in business
- A minimum monthly revenue of $5,000 or at least $50,000 in savings.
Archa is currently raising A$3m in growth capital being jointly led by BW Equities and Lazarus Corporate Finance.
Business loan comparisons on Mozo
Boost Business Loan
Whether you’re looking for a quick cash boost for your business or are ready to invest in growth, ScotPac offers a range of unsecured and secured loans from $10,000 up to $500,000. For loan terms of 6 months to 3 years. No application or account keeping fees to pay. Funds available in 24 hours or less once approved. Repayment options available.
Interest Rate
Upfront Fee
Funding speed
On applicationDetails on applicationFrom 24 hoursBoost Business Loan
Whether you’re looking for a quick cash boost for your business or are ready to invest in growth, ScotPac offers a range of unsecured and secured loans from $10,000 up to $500,000. For loan terms of 6 months to 3 years. No application or account keeping fees to pay. Funds available in 24 hours or less once approved. Repayment options available.
- Interest Rate
- On application
- Upfront Fee
- Details on application
- Ongoing Fees
- $0
- Late payment fee
- -
- Transaction fee
- -
- Early repayment penalty
- -
- Other fees
- -
- Loan type
- Loan
- Security type
- Secured or Unsecured
- Minimum loan amount
- $10,000
- Maximum loan amount
- $500,000
- Minimum loan term
- 6 months
- Maximum loan term
- 3 years
- Repayment frequency
- Weekly
- Repayment types
- -
- Minimum trading period
- 1 year
- Minimum annual turnover
- $120,000
- Application speed
- From 24 hours
- Approval speed
- From 24 hours
- Funding speed
- From 24 hours
- Extra repayments allowed
- -
- Redraw allowed
- -
- Other benefits
- All industries supported.
- Other restrictions
- Loans up to $100K: No upfront collateral required Loans between $100K to $200K: Borrower must be a property owner Loans over $200K: Borrower must be a property owner, and the loan will be secured
Prospa Plus Business Loan
Prospa uses risk-based pricing to determine your interest rate. They look at factors including your industry, years in business, cash flow, creditworthiness and the overall financial health of your business.
Interest Rate
Upfront Fee
Funding speed
Interest rates vary based on risk.3.5%from 24 hoursProspa Plus Business Loan
Prospa uses risk-based pricing to determine your interest rate. They look at factors including your industry, years in business, cash flow, creditworthiness and the overall financial health of your business.
- Interest Rate
- Interest rates vary based on risk.
- Upfront Fee
- 3.5%
- Ongoing Fees
- $0.00
- Late payment fee
- $0.00
- Transaction fee
- -
- Early repayment penalty
- $0.00
- Other fees
- -
- Loan type
- Loan
- Security type
- Secured
- Minimum loan amount
- $150,000
- Maximum loan amount
- $500,000
- Minimum loan term
- 3 months
- Maximum loan term
- 3 years
- Repayment frequency
- Weekly
- Repayment types
- Principal & Interest
- Minimum trading period
- 3 years
- Minimum annual turnover
- $1,000,000
- Application speed
- 10 Minutes
- Approval speed
- Same-day approval
- Funding speed
- from 24 hours
- Extra repayments allowed
- yes
- Redraw allowed
- no
- Other benefits
- -
- Other restrictions
- -
Unsecured Business Loan
Business Loans from $5,000 to $5,000,000 with high approval rates. Access to funds on loans up to $500,000 in as little as 3 hours. Cash flow friendly repayments and open minded offers.
Interest Rate
Upfront Fee
Funding speed
On Application3%, starting at $399from 3 hoursUnsecured Business Loan
Business Loans from $5,000 to $5,000,000 with high approval rates. Access to funds on loans up to $500,000 in as little as 3 hours. Cash flow friendly repayments and open minded offers.
- Interest Rate
- On Application
- Upfront Fee
- 3%, starting at $399
- Ongoing Fees
- no
- Late payment fee
- $50.00
- Transaction fee
- -
- Early repayment penalty
- no
- Other fees
- -
- Loan type
- Loan
- Security type
- Unsecured
- Minimum loan amount
- $5,000
- Maximum loan amount
- $5,000,000
- Minimum loan term
- 3 months
- Maximum loan term
- 1 year
- Repayment frequency
- Weekly, flexible
- Repayment types
- Principal & Interest
- Minimum trading period
- 4 months
- Minimum annual turnover
- $144,000
- Application speed
- 10 Minutes
- Approval speed
- within 1 hour
- Funding speed
- from 3 hours
- Extra repayments allowed
- yes
- Redraw allowed
- no
- Other benefits
- Daily repayments available.
- Other restrictions
- Fast Business Loans for amounts up to $500,000 are funded in 3 hours, Small Business Loans can take 24 hours.
Mortgage Secured Commercial Loan
Use your property as collateral to meet your business needs. Offers repayment terms up to 30 years for residential security and 15 years for commercial/rural security. Provides interest rates that are tailored to your business needs. Choose from Principal & Interest, Interest Only, or Interest in Advance repayment options.
Interest Rate
Upfront Fee
Funding speed
On applicationOn applicationVariesMortgage Secured Commercial Loan
Use your property as collateral to meet your business needs. Offers repayment terms up to 30 years for residential security and 15 years for commercial/rural security. Provides interest rates that are tailored to your business needs. Choose from Principal & Interest, Interest Only, or Interest in Advance repayment options.
- Interest Rate
- On application
- Upfront Fee
- On application
- Ongoing Fees
- $0
- Late payment fee
- $20.00
- Transaction fee
- $0
- Early repayment penalty
- $0 for variable loans, break cost may apply for fixed loans.
- Other fees
- On application
- Loan type
- Loan
- Security type
- Property Secured
- Minimum loan amount
- $500
- Maximum loan amount
- -
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- -
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- 30 months
- Repayment frequency
- Monthly, Quarterly, Half-yearly, Annually
- Repayment types
- Principal & Interest, Interest Only
- Minimum trading period
- Varies
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- Varies
- Application speed
- Varies
- Approval speed
- Varies
- Funding speed
- Varies
- Extra repayments allowed
- yes - variable loans only
- Redraw allowed
- yes - minimum $500 (variable loans only)
- Other benefits
- -
- Other restrictions
- Minimum Deposit of 20% is required for mortgages secured by residential property, 35% for commercial property and 40% for rural property. Loan term limited to 15 years for commercial or rural security.
Read reviews and learn more about Regional Australia Bank business loans
Self Managed Super Fund Loan
A loan to help your fund grow. Borrow for up to 25 years for residential properties or 15 years for commercial or rural properties. No monthly service fees, so you can save more for your retirement. Approval fee applies.
Interest Rate
Upfront Fee
Funding speed
On application$1,500VariesSelf Managed Super Fund Loan
A loan to help your fund grow. Borrow for up to 25 years for residential properties or 15 years for commercial or rural properties. No monthly service fees, so you can save more for your retirement. Approval fee applies.
- Interest Rate
- On application
- Upfront Fee
- $1,500
- Ongoing Fees
- $0
- Late payment fee
- $20.00
- Transaction fee
- $0
- Early repayment penalty
- $0
- Other fees
- On application
- Loan type
- Loan
- Security type
- Property Secured
- Minimum loan amount
- $100,000
- Maximum loan amount
- -
- Minimum loan term
- -
- Maximum loan term
- 25 months
- Repayment frequency
- Monthly
- Repayment types
- Principal & Interest
- Minimum trading period
- Varies
- Minimum annual turnover
- Varies
- Application speed
- Varies
- Approval speed
- Varies
- Funding speed
- Varies
- Extra repayments allowed
- yes
- Redraw allowed
- no
- Other benefits
- -
- Other restrictions
- Minimum Deposit of 20%-30% is required for mortgages secured by residential property, 35% for commercial property and 50% for rural property. Loan term limited to 15 years for commercial or rural security.
Read reviews and learn more about Regional Australia Bank business loans
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