Powered by MOMENTUM MEDIA
the adviser logo
Lender

Resimac acquires stake in Positive Group

by Annie Kane5 minute read

Non-bank mortgage lender Resimac Group Ltd has acquired a $3-million stake in SA-based financial services fintech Positive Group.

ASX-listed lender Resimac has announced that it has acquired 15 per cent of Positive Group, which comprises Positive Lending Solutions, Positive Home Loans, Positive Wealth Management and fintech platform Nodifi.

To continue reading the rest of this article, create a free account
Already have an account? Sign in

The Adelaide-based group, founded by father and son team Mark and Tom Caesar, specialises in asset finance solutions for consumers, mortgage brokers and small businesses. 

Consideration for the purchase was $3 million, and Resimac holds an option to acquire a further 10 per cent. The transaction was led by Positive Group’s new chief financial officer, Andrew Stewart.

Advertisement
Advertisement

According to the companies, this investment will help to expand Positive Group’s technology and web assets via its B2C business Positive Lending Solutions and its B2B tech platform Nodifi.

Resimac’s chief executive officer, Scott McWilliam, commented: “We are excited by the opportunities this partnership brings for both parties. 

“We believe the Positive Group has a strong growth opportunity through leveraging its Nodifi digital platform, which allows Nodifi’s business partners to offer their clients the best available products with the speed and service that is expected in this fast-paced finance environment.

“Our partnership also supports two of Resimac’s strategic priorities, focusing on diversification of asset classes and improving our customer experience using digital technologies. We are excited about what we can achieve together.”

Tom Caesar, managing director of the Positive Group, added: “There will be lots of exciting developments in the next 12 months which we intend to roll out across our organisation, underpinned by our success with Nodifi. 

“We are so thrilled to be partnering with Resimac, a group we have known for a long time and who have always been a big supporter of our business as we grew.” 

[Related: RC offers ‘opportunity’ for brokers to diversify]

Resimac acquires stake in Positive Group
handshake
TheAdviser logo
handshake

Annie Kane

Annie Kane

AUTHOR

Annie Kane is the editor of The Adviser and Mortgage Business.

JOIN THE DISCUSSION

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

MORE FROM THE ADVISER

Boomer home loans

New non-bank lender enters administration

Specialist lender Boomer Home Loans, named in reference to its target age demographic (Baby Boomers; those born in...

READ MORE
royden dvaz assetline capital ta fh2e1i

New national head of sales recruited at Assetline Capital

Royden D'Vaz, formerly head of distribution with the non-bank mortgage lender MKM, has been recruited as Assetline...

READ MORE
john maxwell oscar zhuo ta sthnmq

Uptick Marketing launches

Uptick Marketing (Uptick) aims to work in partnership with brokers to assist the third-party channel in “closing...

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