MELBOURNE, Australia, Sept. 10, 2025 /PRNewswire/ — Small to medium-sized enterprises (SMEs) in Australia and New Zealand will now have access to increased funding, as non-bank lender Bizcap raises its lending limit in both regions.

Bizcap Australia has increased its lending limit to AUD$7.5 million, further strengthening the company’s ability to support larger, established businesses.

The expanded lending capacity in Australia comes on the back of another large deal, valued at more than $6.4 million, which was finalised within just a few days and involved a six-week bridging loan to support a hotel settlement. This reiterates the market demand and Bizcap’s ability to provide substantial funding to SMEs with speed and efficiency.

Bizcap New Zealand has doubled its maximum loan size from NZD$2 million to NZD$4 million. This shift is in response to the increase in demand for both direct-to-customer and adviser-referred deals at a considerable size.

Bizcap’s Co-Founder and Co-CEO Zalman Blachman said the decision to raise lending limits across Australia and New Zealand was driven by strong demand from customers and referral partners for larger, more flexible funding options.

“We’re seeing growing demand from brokers who are looking for solutions for clients with more complex structures, larger loan requirements and tighter deadlines. By lifting our funding limits, we’re not only supporting SMEs directly, but also providing brokers with a powerful option to get challenging deals across the line,” Blachman said.

“Our team knows how to assess complex deals with simplicity – working closely with credit, external parties, brokers and the SME – to deliver outcomes that traditional lenders often can’t.”

Bizcap’s Co-Founder Abraham White said boosting the funding limit will give many businesses reliable, ongoing access to the capital they need to grow.

“This is exactly why we started Bizcap: to back businesses with bespoke, outside-the-box lending requirements when traditional providers won’t,” White said.

Bizcap partners with advisers and brokers to help deliver funding solutions to a broader range of clients. Local credit specialists assess the overall financial health of a business — not just credit scores — and support partners throughout the referral process.

About Bizcap

Bizcap is a global non-bank business lender offering fast, flexible funding to small and medium-sized enterprises (SMEs) in New Zealand, Singapore, Australia, the UK, and Europe. Founded in 2019, Bizcap empowers SMEs by offering approvals in as little as three hours, with same-day funding available. Bizcap has funded more than 42,000 SMEs, totalling $1.9 billion, while holding a 4.9/5 Trustpilot rating.

For more information, visit bizcap.com.au

NANJING, China, Sept. 9, 2025 /PRNewswire/ — State Grid Jiangsu Electric Power Co., Ltd. announced the launch of its lightning monitoring and analysis system for its distribution network on September 5, marking completion of China’s first lightning fault location system that covers all voltage levels across both transmission and distribution networks. The system doubles the speed of locating and restoring lightning-caused faults on distribution lines and reduces lightning-related customer outage duration by 50%.

In the first half of 2025, Jiangsu province recorded 380,000 lightning strikes—twice the number reported during the same period last year. “As one of China’s largest provincial power grids, Jiangsu’s network spans nearly 370,000 kilometers, with extensive coverage and countless nodes, which can make post-storm fault location challenging,” said Zhu Zhen, Deputy Director of the Distribution Operation and Maintenance Division, Distribution Network Management Department at State Grid Jiangsu Electric Power. “The newly launched solution uses AI and multi-source data integration to overcome challenges such as pinpointing outage locations and lengthy field inspections, cutting fault-location time to minutes.”

According to Zhu, the system introduces three major innovations: generating lightning hotspot heat maps from meteorological data to support real-time monitoring of high-risk areas; using intelligent diagnostics to automatically distinguish between urban and rural operating conditions, tagging affected structures and recording past lightning events; and analyzing surge arrester operation frequency to guide targeted deployment of lightning protection facilities.

“The new system enables rapid and precise location of lightning-related outages and is a practical application of AI for grid operations. It will materially improve service reliability during peak lightning season,” stated Li Jian, Deputy Director of the China National Energy Key Laboratory of Lightning Disaster Detection, Early Warning and Safety Protection.

Since entering pilot operation, the system has successfully analyzed more than 20,000 lightning-activity data points, identified over 50 lightning-related faults, and achieved post-verification accuracy exceeding 90% following manual verification, according to company figures.

HANGZHOU, China, Sept. 10, 2025 /PRNewswire/ — On September 9, LianLian Global, a leading cross-border payments provider, and UnionPay International officially announced a strategic partnership.

The agreement unites one of the most influential brands in global digital payments with a widely adopted international card network, creating powerful synergies and unlocking new opportunities for growth. Utilizing LianLian’s cross-border payments infrastructure and UnionPay’s MoneyExpress service, the two parties will deliver faster, more reliable global remittance solutions that enable customers to easily transfer funds into Mainland China, ensuring a seamless, secure, transparent, and highly efficient cross-border payments experience. In addition, the two companies will further expand collaboration in B2B payments, with a focus on global merchant acquiring, virtual card issuance, and e-commerce payment collection. Together, they will provide scalable payment solutions for Chinese merchants expanding into international markets, while also strengthening the connectivity between payment services in Hong Kong and Mainland China.

LianLian Global, a subsidiary of Hong Kong–listed fintech company Lianlian DigiTech, is committed to building trusted cross-border payment solutions for a wide range of customer needs. Today, its business spans international payouts, merchant acquiring, global disbursement, and FX services, providing integrated trade solutions for cross-border e-commerce sellers, platforms and institutions, exporters, and education service providers. To date, the company has served approximately 7.9 million customers worldwide. LianLian first entered the Hong Kong market in 2016 and secured its Money Service Operator (MSO) license in 2017—one of the company’s earliest and most important regulatory approvals. With this foundation, LianLian established a subsidiary in Hong Kong to deliver cross-border collection, acquiring, and remittance services for both local businesses and Chinese multinational firms.

UnionPay International has also built one of the world’s most comprehensive acceptance networks in partnership with more than 2,600 institutions. UnionPay cards are now accepted in 183 countries and regions, with issuance across 84 markets. Its MoneyExpress service delivers fast, reliable, and convenient cross-border remittance solutions and is now available in over 57 major countries and regions worldwide.

HANGZHOU, China, Sept. 10, 2025 /PRNewswire/ — On September 9, LianLian Global, a leading cross-border payments provider, and UnionPay International officially announced a strategic partnership.

The agreement unites one of the most influential brands in global digital payments with a widely adopted international card network, creating powerful synergies and unlocking new opportunities for growth. Utilizing LianLian’s cross-border payments infrastructure and UnionPay’s MoneyExpress service, the two parties will deliver faster, more reliable global remittance solutions that enable customers to easily transfer funds into Mainland China, ensuring a seamless, secure, transparent, and highly efficient cross-border payments experience. In addition, the two companies will further expand collaboration in B2B payments, with a focus on global merchant acquiring, virtual card issuance, and e-commerce payment collection. Together, they will provide scalable payment solutions for Chinese merchants expanding into international markets, while also strengthening the connectivity between payment services in Hong Kong and Mainland China.

LianLian Global, a subsidiary of Hong Kong–listed fintech company Lianlian DigiTech, is committed to building trusted cross-border payment solutions for a wide range of customer needs. Today, its business spans international payouts, merchant acquiring, global disbursement, and FX services, providing integrated trade solutions for cross-border e-commerce sellers, platforms and institutions, exporters, and education service providers. To date, the company has served approximately 7.9 million customers worldwide. LianLian first entered the Hong Kong market in 2016 and secured its Money Service Operator (MSO) license in 2017—one of the company’s earliest and most important regulatory approvals. With this foundation, LianLian established a subsidiary in Hong Kong to deliver cross-border collection, acquiring, and remittance services for both local businesses and Chinese multinational firms.

UnionPay International has also built one of the world’s most comprehensive acceptance networks in partnership with more than 2,600 institutions. UnionPay cards are now accepted in 183 countries and regions, with issuance across 84 markets. Its MoneyExpress service delivers fast, reliable, and convenient cross-border remittance solutions and is now available in over 57 major countries and regions worldwide.