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P2P lender expands presence in third-party space

Source: mortgage-express.com.au

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Reporter 4 minute read

A non-bank credit provider has been added to another aggregator’s panel of lenders.

Peer-to-peer lender RateSetter has announced its new partnership with Choice Aggregation Services (Choice), providing accredited brokers with access to the lender’s personal loan offerings.

Daniel Foggo, CEO of RateSetter, said that the partnership would enable Choice brokers to seize new opportunities in the personal lending space.   

“With RateSetter’s competitive personal loan offering, Choice brokers can unlock the potential of holistic client service,” he said.

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“Versatile and affordable consumer finance should be core to a broker’s growth outlook and their clients’ financial wellbeing.

“RateSetter has an unstoppable momentum giving brokers the value they need to prosper, and [the] announcement cements the demand for RateSetter’s loan offering.”

Stephen Moore, CEO of Choice, added: “I am delighted to partner with RateSetter. Their innovative model and competitive rates for personal loans aligns with our strategy to deliver a strong panel of lenders who can meet the diverse needs of brokers and their customers.

“We believe the future for broking includes managing the broader finance needs of customers. This includes deepening existing relationships and helping to attract a broader range of new customers.”

Over the last 12 months, RateSetter has entered into partnerships with several aggregators, including Vow Financial and Loan Market, with plans to further increase its presence in the third-party space.

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[Related: P2P lender drops car loan rates]

P2P lender expands presence in third-party space
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