Westpac’s business bank will provide customers with a year’s worth of basic legal services as it looks to non-banking perks to support its growth in small business lending.
As part of its growth strategy, Westpac has made a strategic, $10 million investment in legal services provider Lawpath, and will provide customers with a 12-month subscription allowing them to access an archive of legal documents and business registration services.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au