What Radium Capital does

Radium Capital is an Australian specialist fintech founded in 2017 that provides advance funding against expected R&D Tax Incentive refunds owed by the Australian government. The company's core products are Radium Advance (a one-off advance against an annual R&D tax refund) and Radium Quarterly Advances (a recurring facility allowing clients to draw up to four advances per year against their expected refunds). Underlying delivery is a proprietary lending platform paired with a public Radium Advance Calculator that lets prospective clients self-estimate advance amounts; the company's underwriting expertise is built around the eligibility, timing, and structuring rules of the Australian R&D Tax Incentive.\n\nThe business operates a transaction-fee/interest model on each advance, generating revenue from the spread between the advance provided to the client and the eventual refund paid by the ATO. Distribution is via a national Australian footprint (Perth headquarters, with offices in Sydney, Melbourne, and Brisbane), direct state-level account management, and a partner network that includes R&D Tax Advisors, Cicada, Core Innovation Hub, and Cohort Innovation Space. Since inception Radium has deployed more than A$1 billion in funding to over 1,000 Australian innovation-stage companies across biotech, medtech, cleantech, AI, and mining-technology sectors, and in November 2025 signed its first international client (PharmAla Biotech, Canada).\n\nRadium serves small and mid-cap Australian R&D-active companies that prefer immediate liquidity over waiting for annual or quarterly ATO refund processing. Customer concentration is distributed across a long tail of SMB and startup clients, with no disclosed anchor-customer dependency.

Name

Radium Capital

Legal name

Radium Capital

Website

https://radiumcapital.com.au

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Radium Capital is an Australian fintech founded in 2017 that provides advance funding against expected R&D Tax Incentive refunds to innovation-stage companies, having deployed over A$1 billion to 1,000+ clients across biotech, medtech, cleantech, AI, and mining-tech.

Ownership category

akta.pro rank

Product category

Specialty R&D Tax Financing

SIC

Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Tax Refund Anticipation Loans (RAL) & Refund Advances (FSAKAOAG)

akta.pro secondary industry

Refund Anticipation Loans (RAL) & Tax Advance Credit (FSAKAMAH)

Keywords

• R&D tax financing
• Non-dilutive lending
• Innovation funding
• Tax advance loans
• R&D finance

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Radium Advance (One-off): One-time burst of capital provided against expected R&D tax refund. Businesses receive funds upfront and repay after tax refund is received. Repayment is automatically deducted from the refund.
2. Radium Quarterly Advances: Recurring quarterly advances allowing businesses to access R&D refunds up to four times per year. Provides consistent capital and cash flow throughout the year, enabling reinvestment into R&D programs.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Radium Capital provides non-dilutive financing secured against the Australian Government's R&D Tax Incentive (RDTI) refund, allowing R&D-active Australian businesses to access their tax refund 12-18 months earlier than standard ATO processing. Its two core products are Radium Advance (a one-off capital burst) and Radium Quarterly Advances (up to four advances per year). The company serves startups through enterprises conducting eligible R&D, with a minimum eligibility threshold of A$20,000 in annual R&D expenditure.

Product overview

Radium Capital operates as a fintech company specializing in R&D finance solutions for Australian businesses. The company's core offering consists of two main products: the Radium Advance (a one-time capital burst) and Radium Quarterly Advances (access up to four times yearly). These products enable businesses to unlock their Australian Government R&D Tax Incentive refunds early, providing non-dilutionary capital for research and development activities. The platform-based technology includes an online calculator for estimating advance amounts. The company has facilitated over A$1 billion in innovation funding since 2017, supporting more than 1,000 Australian companies.

Differentiator

Problem solved

Functional benefit

Brands

• Radium Advance: A one-off burst of capital that unlocks R&D tax incentive, allowing businesses to access their R&D tax refund early with no repayments until the loan matures.
• Radium Quarterly Advances

Products and services

• Radium Advance A one-off capital advance that unlocks a borrower's Australian R&D Tax Incentive refund early, providing immediate non-dilutive funds secured against the expected tax refund. No repayments are required until the loan matures, with duration calculated as 60 days after the tax filing date. Repayment is automatically deducted from the refund when received. Designed for Australian businesses with minimum A$20,000 in annual R&D expenditure.
• Radium Quarterly Advances A recurring advance product allowing Australian R&D-active businesses to access their R&D tax refund up to four times per year. Provides consistent capital and cash flow throughout the year, enabling reinvestment back into R&D to trigger additional refunds. The product can boost R&D spend by approximately 50%, reduce outlay by around 33%, or reinvest up to 150% of R&D expenditure back into innovation. Designed for Australian businesses with minimum A$20,000 in annual R&D expenditure.
• Radium Advance Calculator A web-based estimator tool on the Radium Capital website that allows Australian businesses to calculate a potential R&D tax refund advance based on their R&D expenditure and estimated tax filing date. The tool outputs an estimated refund, maximum loan amount, expected repayment amount, total fees and charges, and loan duration. It functions as a customer-facing planning and lead-generation tool tied to the Radium Advance and Radium Quarterly Advances products.

Quantifiable outcome

• Surpassed A$1 billion in total innovation funding to Australian companies since 2017
• +3 more outcomes

Named customers30 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Six partnerships are on record, tiered minor and core.

• Cohort Innovation SpaceminorStrategic or Co-development PartnerRadium Capital partnered with Cohort Innovation Space to support founders and innovation ecosystem development in Australia
• CicadaminorStrategic or Co-development PartnerInnovation ecosystem partner supporting Radium Capital's clients with R&D advisory services
• Core Innovation HubminorStrategic or Co-development PartnerInnovation hub partner providing ecosystem support for Radium Capital's R&D-focused clients
• RCL (Radium Capital Logo partner)minorStrategic or Co-development PartnerPartner organization supporting Radium Capital's innovation ecosystem
• JumarminorStrategic or Co-development PartnerPartner organization in Radium Capital's ecosystem supporting R&D finance solutions
• Approved R&D Tax AdvisorscoreChannel Partner/ Reseller/ DistributorNetwork of approved R&D Tax Advisors who verify refund assessments and provide comfort letters to support client applications for Radium Advances

Scale indicators2 records

Recent moves3 records

Expansion highlights5 records

Direct peers

• Bizcap: Australian-headquartered fintech lender offering fast working capital and small business loans. Targets a similar SMB/startup borrower base with similar fintech-led origination model.
• Scottish Pacific: Australian specialist SME finance provider offering invoice finance, lending, and notably R&D tax incentive loans. Directly competes with Radium Capital in the R&D refund advance niche across Australia.
• Prospa: Leading Australian online small business lender offering working capital and unsecured business loans. Targets the same SMB/startup base as Radium Capital, though not specialized in R&D advances.
• Lumi: Australian fintech lender providing working capital, lines of credit, and asset finance to SMEs. Comparable in scale and customer profile to Radium Capital, though with a broader product range.
• Capify: Australian SME working capital provider offering merchant cash advances and small business loans. Directly comparable business model serving similar SMB borrower segments.
• GetCapital: Australian online lender providing working capital, equipment finance, and unsecured loans to SMEs. Comparable fintech business model targeting similar Australian SMB and startup customers.

Broad incumbents

• Heritage Bank (R&D Lending): Established Australian customer-owned bank that has historically offered R&D-backed lending products. A larger, broader-scope incumbent in the same R&D-secured lending category as Radium Capital.
• Judo Bank: Australian challenger bank purpose-built for SME lending, offering secured and unsecured business loans. A larger, regulated incumbent that competes broadly in R&D and innovation lending.
• BOQ Specialist: Australian specialist bank focused on healthcare and professional services lending, with a strong presence in innovation-sector finance. Comparable in serving knowledge-intensive and innovation-driven borrowers.

Emerging players

• Plenti: Australian fintech lender operating in automotive and renewable energy asset finance and consumer lending. Comparable fintech origination and underwriting approach, though broader consumer/SMB lending scope.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Radium Capital