iscover 
Founded and headquartered in Zurich, the receivables-backed lender has stopped lending across all three markets in which it operated – Switzerland, the UK, and Australia – and has entered liquidation in both Switzerland and the UK.
The Australian loan book has been acquired by newly launched SME lender FinanZor, which has also assumed TP24’s accreditation with aggregator Loan Market Group (LMG).
Liquidators were appointed to TP24’s UK entity on 5 May 2026, while liquidation status in Switzerland was registered on 12 March 2026, according to company registry records in both jurisdictions.
Broker Daily has contacted TP24 for comment on the situation.
Promising start
TP24, formerly known as Tradeplus24, was founded by Ben James in 2016 to provide flexible lines of credit to SMEs. It expanded into Australia with a Melbourne headquarters in June 2019, before joining AFG’s lender panel in August 2020.
Australia was originally chosen as TP24’s first international market due to “a significantly underbanked niche caused by alternative lenders typically not providing loans above $250,000 and traditional lenders struggling to structure cash flow finance smaller than $5 million”.
The Australian business was led by former National Australia Bank general manager for business banking, Adam Lane.
In 2023, TP24 earmarked $200 million of a $585 million global debt facility secured from Barclays to support growth in its Australian SME lending operations.
The lender specialised in receivables-backed finance for entrepreneurs, private businesses, funders, and investors.
[Related: Brokers urged to rethink SME strategy]
Want to see more stories from trusted news sources?Make Broker Daily a preferred news source on Google.