CitoPlus partners with nMB and Connective

The digital platform, which was specifically designed for commercial brokers and their customers and launched into market in April 2022, automates the collection and structuring of customer information ahead of loan submission. It can be integrated into a lender’s or aggregator’s system to enable lodgements.

CitoPlus aims to reduce the manual workload for commercial loan writers by providing them with an “all-in-one digital platform”. The technology automates data collection, can improve the accuracy of collateral details to serviceability calculations and financial analysis, and helps commercial brokers quickly structure tailored loan solutions to create “high-quality” loan applications.

For all Connective brokers, the CitoPlus platform has been integrated into Connective’s customer relationship management (CRM) platform Mercury.

CitoPlus co-founder Graham Strain said: “We are incredibly excited to be partnering with nMB and Connective. We believe the combination of human judgement and digitisation is the future of Commercial Broking.

“Digitisation will accelerate SME lending via brokers by making tailored solutions easy to source.

“Our unique platform elevates brokers and helps them work with the right information, faster. All brokers writing commercial loans can have streamlined processes, unlocking more time to close deals and do the important things.”

The fintech has been building its partnerships recently, having turned on its first lender integration last year and growing its aggregator partnerships.

It has also been broadening its executive and non-executive team, having hired former ING heavyweight John Kolyvas as its head of broker sales and former chief executive of aggregation group FAST, Brendan Wright, to its board last year.

[Related: Commercial broking fintech appoints new head of broker sales]