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The AFG-owned aggregator has bolstered its commercial panel in response to growing demand for SME finance options.
Asset finance aggregator Fintelligence has added non-bank lender Moneytech to its commercial panel in an effort to broaden the options available to its brokers.
Moneytech said the partnership would provide brokers with access to its suite of lending products for small and medium-sized enterprises (SMEs), including working capital, asset finance, and business loans.
The partnership comes at a time of rising costs for SMEs and tightening credit from big banks, Moneytech said.
Nick McGrath, the Moneytech CEO, said demand from SMEs for non-bank options continues to rise.
“This partnership with Fintelligence is about arming more brokers with the tools to say ‘yes’ to business clients looking for responsive, practical funding,” he said.
“We understand that access to finance can make or break an SME’s next move, whether that’s purchasing equipment, improving cash flow, or fuelling expansion. Our goal is to make that access as seamless as possible through the broker channel.”
Commenting on the change, Fintelligence general manager Michael McEvoy said: “The addition of Moneytech strengthens our commercial panel with a lender that truly understands the needs of growing Australian businesses.
“Their versatility across industries and deep broker engagement make them a valuable partner for our network.”
Fintelligence has been building its presence nationally over the past year and created a national sales team earlier this year as part of its expansion plans.
In November, aggregator Australian Finance Group (AFG) bought the remaining 17 per cent stake in Fintelligence, paying $11.4 million to take full ownership of the business.
[Related: What does it take to be dropped from an aggregator lender panel?]
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