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The aggregator has taken a 28 per cent non-controlling stake in a Sydney-based brokerage, its first investment in a non-member brokerage.
ASX-listed aggregator Australian Finance Group Ltd (AFG) has announced a strategic partnership with Sydney-based brokerage Loan Path Finance Pty Ltd (LPF), acquiring a 28 per cent non-controlling stake in the brokerage.
Founded in 2019, Loan Path Finance offers both residential and commercial lending, with a specialised focus on high-net-worth individuals and self-employed clients.
The brokerage is headed up by managing director Mina Gergis (also the founder of cosmetic surgery finance specialist Choice Cosmetics).
The group was aggregating under outsource Financial, but has now entered into an aggregation agreement with AFG as part of the transaction.
The acquisition of a stake in Loan Path Finance represents the third investment by AFG since it unveiled its Broker Investments program in November 2024, but is the first investment it has made outside of its existing broker network.
David Bailey, CEO of AFG, commented: “We’re focused on long-term partnerships with businesses that meet key criteria around size, model, and growth potential – each tailored to the unique ambitions of individual brokers.
“Our investment in Loan Path Finance highlights the strong market demand for this kind of support, extending well beyond our existing network.”
He added that the Broker Investments program aims to “empower the next generation of broker-led growth by offering strategic capital, without compromising independence or brand identity”.
“It helps brokers unlock opportunities for scaling, succession planning, or structural transformation,” Bailey said.
Gergis said the partnership was “a pivotal moment for Loan Path Finance”.
The brokerage MD added: “Our vision has always been to deliver tailored, high-impact lending solutions with a premium service experience. AFG’s investment allows us to deepen that mission and scale with strength – while maintaining the independence and culture that define us.
“AFG is a clear leader in the mortgage finance industry, and we expect there is a lot we could gain from its vast experience and proven leadership to help accelerate our reach in this industry.
“The backing of an ASX-listed entity will assist to propel our business to the next level.”
This latest acquisition by AFG follows its earlier investments in Melbourne-headquartered Empower Wealth Group and Western Australia-based Lifespan Mortgage Services, both announced in January 2025.
These investments totalled over $6 million.
The value of the Loan Path Finance investment has not been disclosed.
AFG’s Broker Investments team is also said to be “actively engaged in strategic discussions with brokers across Australia as the initiative continues to build momentum and expand its national footprint”.
[Related: AFG takes minority stakes in 2 brokerages]
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