The peer-to-peer lender has joined FAST’s panel of lenders, the latest aggregator panel it has joined since partnering with PLAN Australia.
Peer-to-peer lender RateSetter has joined Finance and Systems Technology’s (FAST) panel of lenders in a partnership aimed at giving clients of FAST brokers access to RateSetter’s personal finance products.
RateSetter’s personal loan and car loan products are available to FAST’s 1,200 brokers.
Commenting on the partnership, RateSetter CEO Daniel Foggo said: “We are very pleased to join forces with FAST. FAST sees the world like we do.”
“Brokers can and should deliver value to clients through diversification. Consumers are scrutinising personal finance providers more than ever and rightfully demanding better value and service. Brokers can guide consumers in that quest while also tapping into new income streams and sources of business growth.”
FAST head of northern region Rob Ryan said: “FAST welcomes RateSetter to our panel of lenders. We continue to expand our lender panel to meet the diversified and specialised needs of our brokers and their clients.”
RateSetter’s broker channel has funded over $200 million across nearly 10,000 loans, and it supports nearly 11,000 accredited brokers and over 6,000 broker firms.
The partnership with FAST is RateSetter’s 11th partnership with third-party aggregators in 12 months, after it announced a partnership with PLAN Australia in October.
[Related: RateSetter joins PLAN’s lender panel]
Malavika Santhebennur is the features editor on the mortgages titles at Momentum Media.
Before joining the team in 2019, Malavika held roles with Money Management and Benchmark Media. She has been writing about financial services for the past six years.
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