Australian Finance Group has partnered with Symple Loans to enable its broker members to access the lender’s personal loan products.
AFG’s network of around 3,000 brokers will now be able to write the fintech lender’s personal loans, after the lender joined the aggregator’s lender panel.
Under the partnership, AFG brokers will be able to submit applications through Symple’s Broker Portal and access its team of credit and servicing specialists.
The fintech lender, which opened its book in January 2019, utilises digital lending technologies, analytics and proprietary risk scoring techniques to create a complete picture of a borrower’s financial situation and price according.
Speaking of the partnership, AFG’s head of sales and distribution, Chris Slater, said Symple would provide a welcome alternative for brokers looking for options.
“We are very pleased to welcome Symple to the AFG panel,” he said.
“Symple has an innovative pricing model, and its addition to the AFG panel helps drive a competitive lending market. We look forward to working with Symple as they deliver greater choice for our brokers when arranging finance solutions for their clients.”
Bob Belan, co-founder and CEO of Symple, added: “Our aim has always been to set a new standard for how personal lending ought to work and then align with industry leaders locally and globally to bring that strategy to life.
“AFG is one of the largest and most reputable financial solution providers in the country, and we feel fortunate to be working with them as our company enters its next stage of growth,” he said.
Symple has been on a growth path in the past year, after raising more than $100 million in debt and equity to support lending activity. More than half of this ($57 million) was financed by NAB in September 2019.
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