Private credit powers over 91% of leveraged finance in the U.S. — but just 9% in Australia. In this article, we explore why that gap exists, why it’s closing fast, and what it means for operators, and investors. Learn how non-bank lending is evolving and why private credit is becoming a critical tool for growth-stage businesses in Australia.

Explore smart ways to use growth credit to scale your business—without giving up equity. From funding inventory to enabling acquisitions or founder liquidity, this guide covers high-ROI use cases for debt financing, with practical examples and insights. Ideal for founders, CFOs, and growth-stage teams evaluating non-dilutive capital options.

Termina is Australia’s leading auto-switching energy broker, helping multi-site businesses simplify energy management and secure the best rates on electricity and gas. By consolidating energy costs, accounts, and emissions across multiple locations, Termina ensures clients never overpay on outdated plans—delivering smarter, hands-off savings. With growth credit from Mighty Partners, Termina expanded its sales team and accelerated a fast-growing partnership model. This strategic funding has driven over 50% revenue growth in six months and supported the company’s push toward profitability—all while preserving shareholder value.

Networks X, Australia's largest expert network, powers strategic research by connecting clients with industry experts. This business has used a combination of equity, venture debt and government grants to fuel its growth. By opting for a hybrid funding strategy, Networks X was able to scale rapidly whilst protecting its equity value. Since our partnership, Networks X has doubled its revenues.