Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Major aggregator partners with P2P lender

newhandshake newhandshake
Francesca Krakue 5 minute read

One of Australia’s largest aggregation groups has announced a partnership with retail peer-to-peer lender RateSetter, with the aim of helping brokers offer clients a more holistic financial service.

Under the partnership, more than 3,000 brokers accredited with Connective will be able to offer their clients personal loan products from RateSetter.

Brent Starrenburg, head of Connective Asset Finance commented: “Our partnership with RateSetter will provide our member brokers with an important avenue to offer their clients financial solutions that sit outside traditional lending channels.”

He added that there were "natural synergies" between the two companies as both were "founded as industry disruptors".

Advertisement
Advertisement

News of the partnership comes after RateSetter CEO Daniel Foggo recently emphasised that one of the lender’s main goals this year is to “dive deeper” into the broker channel.

According to Mr Foggo, joining Connective’s lending panel will help accredited brokers improve their clients’ financial wellbeing outside of traditional mortgage and insurance offerings.

The RateSetter CEO commented: “Whether it’s helping clients renovate their home, purchase a car or pay down expensive credit card debt, RateSetter’s low-rate personal loans will give Connective brokers a new way to help their clients achieve their financial goals, while helping them diversify and grow their business...

“It’s our mission to give creditworthy Australian borrowers a better value alternative to traditional lenders, and we see working with aggregators like Connective as an incredibly important part of how we’re going to accomplish this,” he elaborated.

RateSetter’s personal loan products are available to Connective accredited brokers immediately, with the lender’s business finance products expected to be rolled out to brokers in the latter half of the year. 

PROMOTED CONTENT


[Related: Major aggregators back new ID verification tool]

Major aggregator partners with P2P lender
newhandshake
TheAdviser logo

If you have ever considered how you could better service your SME clients but lack the knowledge or confidence to do this beyond referring them on, this is a must-attend event for you. Don't miss SME Broker Bootcamp, a jam-packed, free-to-attend, practical workshop. Register today and secure your place at this interactive, flexible, must-attend event.

newhandshake

 

more from the adviser
regulation rules

Breaking News

Broker feedback wanted on ‘complex’ financial services legislation

The Australian Law Reform Commission has sought opinions from bro...

small business owner ta

Breaking News

Compliance, cash flow top SME stresses: ScotPac

Concerns around navigating government grants, cash flow, and “s...

money savings super

Breaking News

SA government rolls out COVID stimulus package

The state has started distributing cash grants to businesses affe...