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.

Lend adds FleetPartners to platform

andrew moulds darren smith ta andrew moulds darren smith ta
Sarah Simpkins 4 minute read

Lend has integrated vehicle fleet leasing and fleet management provider FleetPartners into its platform.

FleetPartners offers vehicle leasing solutions for SME clients that have one to 20 vehicles. The company has extended an initial credit facility of up to $150,000 per customer for brokers on the Lend platform.

It has also promised a credit decision within hours.

Brokers on Lend will be able to access a new product, Fully Maintained Operating Leases, which has no requirement for a deposit or the upfront cash to purchase the vehicle outright.

Advertisement
Advertisement

The loan makes a vehicle available to an SME, over a three to five-year lease term, with monthly payments adjusted to vehicle usage.

Andrew Moulds, head of asset finance at Lend, commented: “We are extremely excited to be the first fintech to introduce the Fully Maintained Operating Lease product to our stable of lenders.

“The collaboration with FleetPartners now enables brokers to have direct access to a previously unavailable product class, expanding the vehicle finance product portfolio beyond the traditional chattel mortgage and finance lease products.”

Lend has also completed a number of platform upgrades using artificial intelligence technology, to include an asset finance product-lender matching engine, as well as a full asset finance application tool.

[Related: Choice announces commercial white label service]

PROMOTED CONTENT


Lend adds FleetPartners to platform
andrew moulds darren smith ta
TheAdviser logo

The not-to-be-missed Accountants Daily Strategy Day will travel through Melbourne and Sydney in August to equip accounting professionals with the latest industry updates and tips for modern practice management as well as the latest cutting-edge technology, processes, strategies and trends shaping the future of accounting. Visit the website for more information: www.accountantsdaily.com.au/strategy-day

andrew moulds darren smith ta
Sarah Simpkins

Sarah Simpkins

Sarah Simpkins is the news editor across Mortgage Business and The Adviser.

Previously, she reported on banking, financial services and wealth management for InvestorDaily and ifa.

You can contact her on This email address is being protected from spambots. You need JavaScript enabled to view it..

 

more from the adviser
damian zaleski RYyr k3Ysqg unsplash

Breaking News

GetCapital launches broker platform

The business lender has rolled out a new broker platform, as it h...

fixed rate

Breaking News

Loyalty tax issue flagged to MPs

Brokers are key to holding lenders to account to ensure borrowers...

trade deal contract

Breaking News

Connective launches trail book marketplace

The aggregation group has announced a new arrangement with a spec...