About us

Similar to the small business owners we represent, we have passion, self-belief and a vision of how to do things better. In our case, offering new ways small businesses can access capital to fund their growth.

As with all businesses, we have passion, self-belief and a vision of how to do things better. In our case, offering small business a new way to access capital and fund growth.

Banjo is an online lender providing loans to small business.

Our customers are the 51% of small business owners who generally have no lending product other than an overdraft or credit card. We provide them with an alternative source of capital to balance cash flow and enable future growth.

We understand that dynamic, innovative businesses often move faster than traditional valuations. So when considering an application for a loan, we look at more than just assets or collateral. We also consider business activity and multiple sources of industry data to obtain a more holistic view of a business’s position. As a result, we can approve more loans than many other lenders.

We know the needs of a small business can change from one day to the next. So once approved, our customers have access to an ongoing loan facility and can withdraw additional funds utilising a streamlined application and approval process.

We see ourselves as partners with our customers, so we never charge early exit fees if a loan is paid off early.

Our loan process is designed to be as easy as possible, with online applications and a simple fee structure. Loans can be approved in hours and funds deposited in as little as 24 hours.

Banjo. Brilliant Business Loans.

The founders

Banjo Loans founders Stephen Murphy, Julian Hedt and Andrew Colliver.

Stephen Murphy

Chief Operating Officer

My most recent role was as a Lead Business Analyst at NAB. But over the past 25 years I’ve worked at some of the biggest companies in Australia and N.Z.

As much as I respect the big end of town, it’s the small business owners putting everything on the line that I really admire. I want to use my skills and experience to provide them with a better option for borrowing.

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Julian Hedt

Chief Technology Officer

I’m the tech guy. In the past, I’ve led projects and departments at Telstra, the Department of Health and Infosys. To me, technology is providing small business with so many fantastic opportunities for growth.

If you look at what we’re doing here, it’s a completely different way of thinking about lending and better outcomes for businesses; it couldn’t have happened even 10 years ago.

LinkedIn Profile

Andrew Colliver

Chief Executive Officer

I have over 25 years experience in financial markets, both in Australia and overseas, including Managing Director Business Performance at NAB.

I really believe small business is the heart and soul of the economy, and I’m passionate about using my knowledge and experience to create a better lending environment. At the end of the day, this is what Banjo is all about.

LinkedIn Profile


Financial Review

Financial Review

“Aura High Yield Fund backs Banjo lending”

The Sydney Morning Herald

“Alternative lending must come of age”


“banjo: Improving SME access to finance”

Financial Review

Financial Review

“Former NAB exec raise millions to take on big four in small business loans with Banjo”

Omni Channel Media

“Ex-Nab Exec Strings a New Line of Credit with Banjo”

Anthill Online

“This fintech disruptor is taking on the big banks to take the pain out of business borrowing for SMEs”


“How does taking a selfie make applying for a business loan easier?”