For Platforms

How does Lumi Embedded Finance work?

Our Embedded Finance solution allows your platform to integrate our lending products directly into your existing user experience. We provide a comprehensive suite of APIs (Application Programming Interfaces) that connect your system to ours. This seamless integration means your business customers can apply for and receive crucial financing without ever having to leave your platform.

What integration options are available for platforms?

We offer flexible options designed to fit your unique technology setup. The most popular choice is a direct API integration. This gives your team maximum control over the entire user journey and allows you to deliver a fully branded, bespoke experience.

What is included in the platform embedding package?

Our partnership includes everything you need for a successful launch:

  • Full API Access for deep integration

  • White-label interface capability

  • Co-branding options to showcase the partnership

  • Dedicated technical support from our team

Ready to see it in action? Book a free demo to learn more

Can we fully whitelabel Lumi’s embedded finance products?

Yes, absolutely. Our offering is built for complete whitelabeling. You have the power to brand the user interface, customer communications, and all customer-facing elements with your company's logo, colours, and messaging. To your customers, you are their financial partner, with Lumi working reliably behind the scenes to power the service.

How fast is the time-to-market for embedding Lumi’s products?

Our time-to-market is highly competitive. Thanks to our streamlined onboarding process, platforms can go live with a fully integrated lending solution in as little as 4-6 weeks. The exact launch timeline will depend on the integration method you choose and the technical complexity of your platform.

What type of capital can businesses access through embedded finance?

Through this offering, businesses can access our core funding products: Lumi Business Loans and Lumi Business Lines Of Credit. These solutions are flexible and can be used for a wide range of needs, including working capital, inventory purchases, marketing campaigns, and more.

How much capital can businesses access?

The accessible capital depends on several factors, including the business's overall financial health and its transaction history on your platform. We leverage your platform's rich data to provide real-time, data-driven offers tailored specifically to the borrower.

How fast can businesses access capital?

Once a business is approved, funds are typically released instantly. They can usually be accessed within 24 hours, depending on the business's bank processing times.

What are the eligibility criteria for businesses to get funding?

While we assess every application individually, our general eligibility criteria remain straightforward:
• An Australian-registered business with a valid ABN or ACN
• A minimum of 6 months in business
• Minimum annual turnover of $50,000

Our data-driven approach allows us to look beyond just a credit score, ensuring we provide fair and responsible finance solutions to a broad range of high-potential businesses.

What are the costs and fees for platforms and businesses?

• For Platforms: The cost model is typically a revenue-sharing agreement. This means your platform earns a percentage of the revenue generated from the financial products offered to your users.
• For Businesses: Fees are always transparently disclosed at the time the offer is presented. They are typically factored into the loan's repayments or charged as a single, one-time fee. We commit to no hidden fees.

How does Lumi keep business data secure?

Data security is our highest priority. We use bank-grade encryption and adhere to strict security protocols to safeguard all sensitive business information. Our systems are regularly audited, and we maintain compliance with all relevant industry regulations. We only access the data required to make a responsible lending decision and never share it with unauthorised third parties.

What are the benefits for our platform?

Embedding Lumi's finance solutions transforms your platform into a more comprehensive and valuable service. 

Key benefits include:

  • Create a new revenue stream: Instantly earn a share of the revenue generated from the financial products offered to your customers.

  • Increase customer loyalty: By providing a valuable, seamless financial tool directly inside your platform, you deepen customer engagement and reduce churn.

  • Enhance your value proposition: Stand out from competitors by offering an all-in-one solution that solves a critical small business pain point: fast access to capital.

  • Improve customer insights: Gain valuable, anonymised data on your users' financial needs, which can inform your own product development and marketing strategies.

What support does Lumi provide for platform partners?

We are committed to your success. You'll receive comprehensive support every step of the way:

  • Dedicated Integration Manager: Your single point of contact to guide you through the API integration process and ensure a smooth, efficient launch.

  • Clear Documentation: Developer-friendly APIs come with detailed technical documentation to make integration as simple as possible.

  • On-Demand Support: Our support team is ready to assist with any technical or operational questions that come up after you go live.

  • Marketing & Sales Assets: We provide branded collateral to help you effectively communicate your powerful new embedded finance offering to your customer base.