Stream Working Capital: CommBank’s digital cash flow solution for businesses

By Niko Iliakis · · 2 min read
Fact Checked
Advertiser disclosure
Small business owner.

Commonwealth Bank has unveiled a new digital invoice financing service called Stream Working Capital, which will let businesses access funds using outstanding invoices as loan security.

Business owners will be able to nominate at least $15,000 in monthly invoices to borrow against, with funds expected to arrive in accounts within 72 hours.

CBA’s executive general manager of business lending, Clare Morgan, said there is a perception of invoice finance as being slow and manual, which is why the bank prefers the moniker ‘digital working capital’ for its new product.

“Stream Working Capital sees us effectively lending against invoices, so businesses are seeing credit limits adjust in real time based on the value of current outstanding invoices,” she said.

“As the solution is digital end-to-end and integrated with cloud based accounting software such as Xero, a lot of customer pain points are removed.”

Research from Commonwealth Bank revealed that 76 per cent of businesses believe their ability to operate efficiently is stifled by uneven cash flow, while three in five business owners feel they are at the mercy of their customers paying on time. 

At the same time, many business owners are unlikely to turn to invoice financing to address these problems, with 71 per cent of businesses admitting to being largely unfamiliar with the process.

RELATED: Your ultimate guide to small business invoice finance

Through a partnership with fintech lender Waddle, CBA hopes to address these concerns and deliver a more customer-friendly service that puts cash in businesses' hands faster.

“Having access to consistent cash flow is vital for every Australian business and we wanted to simplify and digitise the process in order to offer greater flexibility and support for those who need it,” said Morgan.

“Using invoices to access credit provides peace of mind for businesses who can now access cash locked up in their invoices, assisting them to pay suppliers or hire employees.”

Stream Working Capital is available to new and existing small business customers for use on business to business (B2B) transactions. CBA is also looking to expand the service to let businesses to secure funds against inventory and stock.

To compare financing solutions, head over to our business loans comparison page, or browse the selection below.

Business loan comparisons on Mozo

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can search our database of 89 products
Last updated 30 October 2024Important disclosures

Refine the list of business loans

Let’s help find you a great business loan...
  • About Great Southern Bank
    Business+ Unsecured Loan

    A simple way to fund your business’s big plans. Borrow up to $50,000 without using your assets as security. A fixed interest rate means your repayments don’t change over the life of the loan. Apply in minutes with the Business app. Enjoy a fast approval process. $495 establishment fee.

    Interest Rate
    Upfront Fee
    Funding speed
    Rates range from 11.95% p.a. to 22.95% p.a.
    $495
    Varies
    Go to site
    Details
  • About Lumi
    Unsecured Business Loan

    A straightforward business loan with no hidden Lumi fees or charges. Speedy application and approval process with fast access to funds according to Lumi.

    Interest Rate
    Upfront Fee
    Funding speed
    from 9%
    -
    Within same day
    Go to site
    Details
  • About Prospa
    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 hours
    Go to site
    Details
  • About Great Southern Bank
    Business+ Unsecured Overdraft

    Manage the cash flow in your business with ease. Access up to $50,000 without using your assets as security. Lending criteria apply. Access your available limit from your linked Business+ Account. Use your Debit Mastercard for added convenience. Interest is charged on your balance owing, not your limit. Easy online application. $495 establishment fee.

    Interest Rate
    Upfront Fee
    Funding speed
    Rates range from 14.95% p.a. to 25.95% p.a.
    $495
    Varies
    Go to site
    Details
  • About ScotPac
    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 application
    Details on application
    From 24 hours
    Go to site
    Details

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.