A specialist in asset and consumer finance aggregation, National Finance Choice (NFC) has confirmed that working capital provider Moula has been added to its approved lender panel for its broker network.
NFC has traditionally focused on asset finance but recently decided to focus on the small business segment after seeing that brokers were increasingly driving SME transactions.
Commenting on the development, NFC national manager Tas Tzimos emphasised that the partnership will aid the finance aggregator in servicing its partners with “an unprecedented range of business-related funding options”.
“Australia is in the midst of a revolution with various new SME lending options being initiated in recent times,” Mr Tzimos said.
“It is clear that Moula’s concern for small business owners is genuine and we were most impressed with the ultra-friendly platform they have built to better service this segment of the market.”
Andrew Lim, Moula’s head of broker distribution, said that the company’s unsecured business loans are based on the borrower’s cloud accounting and/or transaction data, which can access financial data in real-time.
“For that reason, we can provide small businesses with fair and responsible funding solutions, but at pace,” he commented.
Mr Lim added that the broker market will remain a “key part” of the lender’s long-term strategy.
[Related: Broking ‘a very efficient channel’ for SMEs]