Andrew Spira is the founder of Skyecap, a fintech company that provides superfast funding solutions for small businesses. Andrew shares his journey as a serial entrepreneur and discusses the innovative use of AI in automating loan approvals, allowing for funding in as little as two hours. He highlights the challenges faced by small businesses in securing finance and how Skyecap addresses these issues. The conversation also covers the typical Skyecap customer, case studies of successful funding, interest rates, and the importance of leveraging debt for business growth.
In this Spotlight episode, Skyecap founder Andrew Spira flicks the switch on how:
- Skyecap provides funding as fast as two hours.
- AI plays a crucial role in automating loan approvals.
- Documentation and time in business are major pain points for SMEs.
- Skyecap has a high approval rate of 90%.
- The typical Skyecap customer is a small business owner aged 40-55.
- Interest rates for Skyecap loans start at 20% per annum.
- Andrew encourages leveraging debt for business growth.
- Skyecap’s application process is streamlined and efficient.
- Case studies illustrate Skyecap’s positive impact on businesses.
- Andrew plans to expand Skyecap into the UK and New Zealand.
- Borrow funds quickly and easily using Skyecap.
Andrew Spira of Skyecap – Key Takeaways …
- Skyecap provides funding as fast as two hours.
- AI has revolutionised the loan approval process.
- Documentation is a major pain point for SMEs.
- Skyecap approves 90% of loan applications.
- The typical Skyecap customer is a small business owner.
- Interest rates for Skyecap loans are higher than traditional banks.
- Speed of response is crucial in customer service so Skyecap responds promptly.
- Skyecap is expanding into the UK and New Zealand in 2025.
- Andrew believes in leveraging debt for business growth.
- Skyecap focuses on business loans, not personal loans.
Chapters
00:00 Introduction to Skycap and Andrew Spira
03:03 The Role of AI in Lending
05:59 Understanding the Skycap Customer
09:08 Case Studies and Real-Life Impact
12:00 The Mindset Around Business Debt
14:25 Future Plans and Expansion
In Andrew’s own words – Skyecap’s the newest private lender in the Australian market, but we’re backed by years of industry experience and have the systems in place to get your business where it needs to be, fast. Whatever you need, we want you to take the next big step in your business. Get fast business loans with Australia’s newest private lender Skyecap. Ignite your business with funds in your account within two hours.
Listen to other episodes of The Small Business Big Marketing Spotlight here. And if you’re a business owner focussed on improving the marketing of your business then you’ll love The Small Business Big Marketing Podcast which you can listen to here.
Thanks for tuning in. May your business shine.
Tim Reid
Grab My 10 Marketing
