Vow Financial has announced a new partnership that will provide small business lending solutions to the third-party channel.
The major aggregator will officially launch its new partnership with Valiant Finance at Vow’s Commercial Conference, being held on the Gold Coast today.
The deal will ensure Vow brokers have exclusive access to the Valiant platform and its range of non-bank small business lending solutions.
According to Valiant CEO Alex Molloy, the move comes as more short-term business funders look to enter the Australian market.
“The challenge for brokers is that serving customers in the short-term funding space takes a disproportionate amount of time, and for hard-to-fund customers, it is often difficult to find a market-winning solution,” Mr Molloy said.
“With this partnership, Vow brokers can now see in minutes whether their clients would be eligible for a wide range of short-term secured and unsecured loans.
“The speed and efficiency of the marketplace platform should prove an immediate fit for the brokers looking for working capital, equipment finance, and debtor finance solutions.”
Meanwhile, Yellow Brick Road Group CEO of lending Tim Brown said the new partnership is validation of the group’s commitment to its broker partners.
“At Vow, we are always looking to provide our network the most cutting-edge products and services, and this partnership is a natural fit for the business,” Mr Brown said.
“Valiant has an innovative platform that does not exist in the market right now.
“Everybody wins where there is a strong match between a borrower and lender. The platform will save time for Vow finance brokers and their clients, as well as minimise the risk and anxiety of loan rejection.”
The financial services ombudsman has changed its rules after the ...
One in two borrowers does not believe banks always have their bes...
Here’s the weekly round-up of the biggest news stories from acr...