the adviser logo

Purple Circle partners with three lenders

by Malavika Santhebennur7 minute read
Purple Circle partners with three lenders

The aggregator has welcomed three new lenders to its panel as it moves to provide members with “innovative lending solutions”.

Purple Circle Financial Services has appointed three lenders, as it aims to address issues with accessibility to the housing and small-to-medium enterprise (SME) market.

The aggregator has appointed lender for self-employed borrowers RedZed; commercial, residential and self-managed superannuation fund (SMSF) lender Mortgage Mart, and business loan marketplace Valiant Finance to its panel.

Commenting on the partnerships, Purple Circle chief operating officer Frank Paratore said: “Lending isn’t a one-size-fits-all situation. Clients have different requirements depending on their circumstances, and we are providing our members with a diverse panel of lenders to assist with attending to those client different requirements.

“As an aggregator, it is essential we partner with innovative lenders who offer a wide range of products and services to suit the ever-changing lending landscape, and it is essential our members have a say with whom we partner. This enables us to provide better support and better service.”

The addition of the three lenders has followed Purple Circle’s announcement last year that it had added neobank 86 400 (which is in the process of being acquired by NAB) to the boutique aggregator’s lender panel.

In December 2020, Purple Circle reported that its settlements had increased by over 51 per cent in October, which had followed a 14.33 per cent increase in settlements in August 2020, and a 52.8 per cent increase in settlements from the previous financial year.

[Related: RedZed joins aggregator panel]

mortgage payments money
Malavika Santhebennur

Malavika Santhebennur


Malavika Santhebennur is a content specialist at Momentum Media, focusing on mortgages and finance writing.


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

Comments powered by CComment

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