Powered by MOMENTUM MEDIA
the adviser logo
Lender

Major aggregator partners with P2P lender

by Francesca Krakue4 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. 

[Related: Major aggregators back new ID verification tool]

newhandshake

JOIN THE DISCUSSION

You need to be a member to post comments. Register for free today

MORE FROM THE ADVISER

CEO Sleepout Pepper Money

Mortgage industry raises more than $160k in CEO Sleepout

On 23 June 2022, several CEOs and directors in the mortgage and finance industry spent a night without shelter to...

READ MORE
alex whitlock

New membership program revealed for The Adviser

Members will be able to access exclusive sales and marketing strategy, business intelligence and exclusive market...

READ MORE
Hot property TA

Hot Property: The biggest property headlines from the week 27 June to...

Welcome to The Adviser’s weekly round-up of the headline stories and news that are important not only for the...

READ MORE
magazine
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more