The peer-to-peer lender has announced that it has joined PLAN Australia’s panel of lenders in a bid to boost its presence in the third-party space.
Peer-to-peer lender RateSetter has joined aggregator PLAN Australia’s panel of lenders, in a move designed to provide PLAN’s broker network with access to RateSetter’s unsecured personal loan and car loan products.
Following the announcement, RateSetter CEO Daniel Foggo commented: “We are proud to announce our partnership with PLAN Australia, an aggregator renowned for its commitment to partnership and transformation.
“At this critical time for the broking industry, we are tremendously excited to be in league with such a premium aggregator whose vision aligns with ours.”
Mr Foggo added that RateSetter’s products could supplement other loan offerings available to brokers over a client’s life cycle.
“Brokers can avoid the unnecessary costs and hassle of client turnover if they are equipped a diverse range of offerings. By turning client engagement into a long-term project over the course of 20-25 years, brokers are always there for their clients and ensure repeat business,” he said.
PLAN Australia CEO Anja Pannek welcomed RateSetter to the aggregator’s panel of lenders.
“It is important to us that we have a diversified lender panel which meets the needs of consumers. Partnering with RateSetter is a great fit for us and our membership,” Ms Pannek said.
RateSetter’s partnership with PLAN is the latest of more than 10 partnerships entered into by the P2P lender with third-party aggregators over the past 12 months.
[Related: Peer-to-peer lender joins AFG panel]