Non-bank lender Bridgit joins leading aggregator Loan Market’s lender panel, extending bridging finance solutions to its brokers

For immediate release, Wednesday 7 September 2022, Sydney, Australia: Non-bank lender Bridgit has struck a partnership with Loan Market to become the aggregator’s first tech-driven bridging loan solution on its lender panel.

Following its launch in mid-2021 by co-founders and mortgage broker Nick Jacobs and capital markets specialist Aaron Bassin, Bridgit is continuing to expand its broker offering by providing them with the resources, tools and innovative technology to simplify and streamline the bridging process. To date, Bridgit has processed more than $1 billion in loan applications and financed over $250 million in Australian residential property.

The new partnership brings Loan Market Australia’s panel to a total of 65 lenders, and fills the gap for brokers to provide clients with a revolutionary bridging loan solution. Bridgit offers a simple online loan application, 24-hour approval and three-month interest-free period.

Bridgit CEO and cofounder, Aaron Bassin, says: “By partnering with one of the biggest aggregators in the space, who are aligned in our mission to use innovative technology to drive better solutions, we aim to help more Australians access better property finance.

“Our focus is always on putting the customer first and Loan Market shares the same value. We look forward to not only working with Loan Market, but also their high-quality network of brokers.”

Loan Market Managing Director Andrea McNaughton says: “Our brokers recognise the quality of our lender panel which delivers both more choice and targeted solutions for their customers’ individual needs.

“Bridgit adds to our extensive offering as demand for quick and convenient bridging finance solution grows in the marketplace”.

Bridgit Head of Distribution Stephen Doyle, says: “We’re excited to grow our broker offering and network, and provide more homeowners with a fast solution so they can secure their next home before selling their existing property.

“We recognise the significant role brokers play in guiding and supporting homeowners through the lending process. Too often, Australians pay the price and miss out on their next property due to traditionally slow and manual finance processes.”

Loan Market was recently named Major Aggregator of the Year at the 2022 Australian Broking Awards.

About Bridgit:

Bridgit is a tech-driven, non-bank lender revolutionising property lending via bridging loans and equity release with its simple online loan application, 24-hour approval and three-month interest-free period. It provides Australian homeowners access to better finance solutions, so they can secure their next home before selling their existing property. In doing so, homeowners can act fast and not miss out on opportunities to purchase their next dream home.

Bridgit was co-founded in 2021 after mortgage broker Nick Jacobs and capital markets specialist Aaron Bassin saw the industry was lagging and customers were paying the price for traditional slow and manual finance processes for property loans. Since their launch, Bridgit has raised nearly $113 million in capital and processed more than $1 billion in loan applications within the first 12 months of operation. Bridgit was also named as a finalist in the 2022 Finnies Award for Emerging Fintech Organisation of the Year. For more information, visit

About Loan Market

Loan Market is one of the largest and fastest growing retail mortgage brokerages in Australasia. Proudly family-owned and led, it was founded in 1995 by Sam White and is part of the White Family Group of companies comprising of Loan Market, Wealth Market, Home Now and Ray White. Today, Loan Market works with a panel of 65 lenders and supports a network of over 650 brokers across Australia and New Zealand with a further 850 brokers trading under their own brand. Loan Market franchisees and brokers help individuals and businesses in Australia and New Zealand secure over $36 billion in loans each year.

Zai and TerraPay partner to accelerate cross-border payments globally

8 September 2022 — Zai, the global financial technology company delivering embedded finance orchestration solutions, has announced a partnership with TerraPay, a leading global payments infrastructure company. This partnership enhances both companies’ ability to scale their offerings and deliver real-time, transparent cross-border payments globally.

Zai supports businesses across a wide range of industries internationally – from fintechs to property technology companies – in simplifying, streamlining, and scaling complex payment workflows. Its sister brand, CurrencyFair, is a cross-border currency exchange platform offering competitive rates, fast, reliable transfers, and excellent customer service.

This partnership bolsters both Zai and CurrencyFair’s product suite, with better coverage across the global payments ecosystem, as well as collections and payout capabilities across multiple channels in the markets they operate in. The partnership also improves TerraPay’s collection and payout offering in markets where Zai and CurrencyFair are leaders.

It is another significant milestone in Zai’s global expansion plans. Zai has close to 250 employees currently, with plans to grow to 450 by 2025, and is expanding its presence across APAC, UK, USA and the Middle-East in the coming year.

Sanjeev Kumar, chief product officer of Zai commented on the partnership: “It’s exciting to partner with a leading global payments company like TerraPay – and what makes this partnership so appealing is the improved product suite for both companies as Zai continues to scale globally.

“This partnership builds upon our already market-leading products, providing fast cross-border payments that are completely transparent, for our B2C, B2B and enterprise customers. Zai is launching in multiple markets over the coming year and expanding our global footprint, and we look forward to working with Terrapay and growing this partnership.”

Registered and regulated across 26 international markets, TerraPay is a leading global partner to banks, mobile wallets, money transfer operators, merchants, and financial institutions, creating a more expansive and inclusive international financial ecosystem.

Sheshagiri (Sukesh) Malliah, regional director – APAC, at TerraPay, said: “We are thrilled to onboard Zai as a global trusted partner, to improve both Zai and TerraPay’s offerings in key markets over the coming years. This partnership allows us to improve both Zai and its sister brand CurrencyFair’s cross-border offering with faster payments for both consumer and business customers.

This partnership will also strengthen our offering in the countries where Zai is the market leader, so we are delighted to grow with Zai over the coming years as it expands its presence globally – furthering our mission of creating cashless economies across the world.”

About Zai

Zai is boldly transforming the future of financial services and powering customers by making innovative financial services accessible to all. Zai’s payment API is a core capability within its suite of embedded finance products and services, helping businesses manage multiple payment workflows and move funds. Its innovative platform applies expertise in real-time payments to a reliable micro-service architecture to enable authentication, liquidity, payment and settlement. Also under Zai’s umbrella is CurrencyFair, a global currency exchange platform serving consumers and businesses with competitive exchange rates.  Zai has close to 250 employees, with plans to grow to 450 by 2025, and is expanding its presence across APAC, UK, USA and the Middle-East. To find out more about the 10-year history of Zai visit The Story of Zai.

About CurrencyFair

CurrencyFair was launched in Ireland in 2010 and offers an online cross-border payment and foreign exchange service to customers globally. It currently offers 22 currencies in well-established currency corridors for international payments, with plans to offer over 40 currencies by the end of 2022. For more information, please visit CurrencyFair’s website.

About TerraPay

Headquartered in The Netherlands, TerraPay believes that the smallest payment deserves a borderless journey as safe as the largest. The group has been building an ever-expanding payments highway that empowers businesses to create transparent customer experiences with an uninterrupted, secure, and real-time global passage for every payment, however small or large. Registered and regulated across 26 global markets, TerraPay is a leading global partner to banks, mobile wallets, money transfer operators, merchants, and financial institutions, creating a more expansive and inclusive international financial ecosystem. With access to payments infrastructure that spans the globe, their partners become beacons of the promise of global financial inclusion.

For more information, please visit

DiviPay unveils bold new brand after tripling customer base to buck tech bubble burst

DiviPay rebrands to become ‘Weel’ to drive bigger clients and international expansion.

SYDNEY, 7 September 2022: DiviPay, Australia’s leading spend management platform, has today announced it will operate under a new brand identity and name, ‘Weel’. Weel is the financial tool helping small to midsize companies streamline spending and create a culture of trust through collective accountability.

The brand evolution comes at a momentous time for Weel as it saw its client base grow by 200% in the last year alone, defying the fintech bubble burst that has seen many of Australia’s fintechs fall to their knees.

Backed by some of the leading investors in SaaS, including ANZ Banking Group’s external innovation and venture capital partner 1835i and Global Founders Capital, Weel has taken on $20 million+ in funding and processed more than $250 million in business payments. The new identity marks the genesis of Weel’s international expansion as it looks to support more businesses in the mid-market category, particularly as they contend with uncertain business conditions.

At a time when many organisations are counting every cent and cutting costs, Weel’s redefined purpose addresses the misconception about managing money, taking the onus off finance teams alone. The platform repositions finance teams in collaboration with the rest of a company’s employees, rather than the culture police to avoid. Through issuing virtual company cards, managing subscription payments, setting limits and smart automated controls, finance teams have comprehensive visibility of spending with real-time tracking, and employees are held to collective accountability while also feeling empowered, supported and trusted.

Daniel Kniaz, Co-founder & CEO at Weel says: “Many businesses are facing the tricky paradox of cutting costs whilst trying to preserve workplace culture amongst their teams. There’s an abundance of tech tools on the market that are supposed to assist with this by streamlining operations but in reality, these tools don’t speak to each other or take the human element into account and this fragmentation is causing friction.

“That’s why we’ve developed Weel. Weel brings these elements together for a smoother, more efficient experience in spend management to help businesses achieve sustainable growth without losing sight of their biggest asset – their people. We’re very confident in the foundations we’ve built in Australia and with international expansion on the roadmap, we’re ready to take Weel global.”

Weel’s journey began as a consumer tool to split bills between friends before pivoting to become Australia’s first all-in-one spend management solution. At a time when managing business spend has never been more critical to company survival, Weel now boasts users including industry leaders such Canva, Eucalyptus and Michael Hill.

Russell Martin, Co-founder and CTO at Weel says: “I’m so proud of all we’ve achieved at DiviPay and excited for this next phase of growth as Weel. Effective spending solutions have never been more important than in today’s economic environment. We’ve completely rewritten the rules around business spend management by helping finance leaders at Australia’s small to midsize companies move from ‘growth at all costs’, to ‘growth within reason’.

“From the new intern buying coffees to the CEO picking up the tab, we make spend management effortless for everyone and look forward to enabling more businesses – both locally and globally – to manage their outgoings.”

The rebrand will be unveiled at the upcoming Xerocon Sydney on 7th September whereby Weel is a platinum partner.

About Weel

Weel is an all-in-one virtual business card and spend management platform that enables finance teams to better manage, control and streamline spending across their organisation. Founded by Daniel Kniaz and Russell Martin, Weel’s easy-to-use web and mobile app includes instant virtual corporate cards, bill pay, card controls and budgeting, a real-time transaction feed, automated expense reports, powerful accounting integrations, subscription spending management, reimbursements, and exclusive rewards. Businesses use the Weel platform to manage over $250 million in annual spend. For more information, visit


Rising interest rates slash the loans Aussies are taking out to build their dream homes

EMBARGO – September 6, 2022With interest rates set to continue rising over the remainder of 2022, the impact of banks passing on rate rises can be seen in the types of loans Aussies are accessing. Leading Australian home loans marketplace Joust has already seen a trend in borrowers taking out significantly smaller loans for the purpose of building homes.

Loans accessed through Joust’s Instant Match platform are split into three categories: Buy, Build and Refinance. Between July 2022 and the same month in 2021 there was a significant dip in the average loan size accessed for the purpose of building homes, as Aussies look to tighten their wallets with the cost of living rising. By contrast however, the size of loans accessed for the purpose of refinancing have remained stable, and in some states including New South Wales, have actually increased in average value.

Joust’s Instant Match service allows Australians to save time by instantly accessing the top three (3) home loans suited to their needs (from thousands of different products). Through the Joust platform, customer submissions are immediately matched to lenders. The lender/s can then engage the customer to guide them through the home loan process.

As mentioned, comparing July 2022 to July 2021, Joust saw the average loan size accessed through Instant Match in the Build category falling by -28.05%, from $741,667 to $533,643. Loans in the Buy category fell slightly, by -6.81% (from $655,912 to $611,250), while loans in the Refinance category barely changed in average size, falling just -1.26% from $564,451 to $557,314.

Joust CEO Carl Hammerschmidt said that while multiple factors including government grants and excess savings saw borrowers taking out bigger loans for the purpose of building in 2021, one stood above the rest. “Record low interest rates meant that lenders were seeing interest not only from people looking to get into their first home, but others who could borrow to build their dream homes without having to worry much about the interest they would be paying back.

“As our data shows, interest for bigger loans in those categories has dropped off significantly in the last 12 months. At the same time, the needle on average loan amounts for the purpose of refinancing has moved very little, and Aussies remain keen to get the best deal. We anticipate the average size of loan in this refinance category to grow in the final quarter of 2022 and into 2023 as many come to the end of their fixed interest rate periods on home loans.”

State By State Breakdown

Victoria and New South Wales, the two states with the most loans accessed through Instant Match, led the way in terms of falling loan sizes for the Build category. In Victoria loans in the Build category were down a whopping -39.13% – from $975,000 to $593,500. Average loan amounts in the category fell slightly less in NSW, dropping by 30.79% from $660,000 to $456,789.

Overall, loans accessed on Joust’s Instant Match fell in size across most states between July 2021 and July 2022. South Australia had the biggest fall in average loan size, down from $592,333 to $402,786 – a 32% drop. Queensland’s average loan size fell by -6.02% from $469,511 to $441,258. Meanwhile Victoria had a -5.9% fall from $557,330 to $524,473.

The outliers were the ACT, where the average loan size on Instant Match increased by 15.81% from $450,000 to $521,167. Meanwhile, New South Wales also saw an uptick in average loan size across all loan types, rising 13.8% from $728,216 to $828,693. These figures in New South Wales were driven by a significant 22.78% increase in average loan size for Refinancing specifically (up from $687,060 to $843,555), as households in Australia’s most populated state continue to look for a better deal on their home loans.


Australian Business Growth Index: Aussie SMEs continue growing globally

Despite rising inflation, disrupted supply chains and challenging economic conditions, Australian small businesses remain ambitious, with their sights set on international expansion.

Australia is fast becoming a launchpad for successful startups and SMEs (small-to-medium-enterprises) making big waves on the global stage.

However, the last few years have brought a myriad of challenges for the business community. Lockdowns, uncertainty, inflation, and supply-chain disruption have pushed Australia’s 2.4 million small businesses to evolve, innovate, and look beyond the local market for increased growth potential.

That’s the overwhelming message from Airwallex’s inaugural Australian Business Growth Index, which surveyed hundreds of Aussie SMEs to gain insight into their challenges, expansion plans, and what the future could look like post-pandemic.

The digital economy, alongside rapid tech adoption and the rise of hybrid working, have helped to reduce the barrier for entry abroad. As a result, businesses with global operations are seeing more opportunities for growth and commercial success.

Our Growth Index found a third of SMEs are already operating internationally, such as Aussie retailer Orbitkey who are making inroads across the U.S. and Asia, and Melbourne-founded Deliciou who are now open for business across multiple markets including the UK and Europe.

Our research found this is set to become the new norm, with the majority of Aussie SMEs saying they plan to be operational outside of Australia in the next five years.

The Growth Index found 96% of SMEs who are already operating overseas, and 99% of those planning to do so in the next twelve months, recorded growth in the last year.

Looking ahead, Aussie businesses are making moves to bolster their position and weather the current economic challenges. The Australian Business Growth Index highlights how the international expansion is being used as a strategy to remain resilient and viable by tapping into new markets and widening the pool of potential customers.

So, what are the findings?

Aussie SMEs are still growing globally

Despite sustained and varied economic challenges in the past year, 92% of Aussies SMEs told us they grew in the past 12 months.

A third (34%) of Aussie SMEs say their business is currently operating outside of Australia. This is set to double in the next five years, as more than two thirds of SMEs plan to be operational outside of Australia by 2027.

Southeast Asia is the top overseas destination 

For SMEs trading overseas, the region where they have seen the biggest growth in sales and revenue is Southeast Asia.

These markets also offer the most attractive commercial opportunities for Aussie businesses.  A quarter (26%) of SMEs operating or planning to operate overseas identify Southeast Asia as the most lucrative in the year ahead.

The U.S. followed closely behind Southeast Asia, with 25% of businesses with an international footprint or ambition calling the States out as the next most attractive market in the near future, surpassing China (18%) and Europe/UK (15%).

Those who have made the leap abroad are reaping the rewards

For Australian businesses already operating in international markets, the move has been lucrative. Moving overseas has unlocked access to new customer segments and broadened their overall market share.

Fintech is the future

From startups to large-scale enterprises, businesses are now benefitting from modern and innovative technologies. A third of Aussies SMEs (35%) have already fully transitioned to digital and fintech solutions for their banking needs. These solutions not only unlock new revenue streams and business growth opportunities, but also help senior leaders achieve more efficient business operations.

About the Airwallex Australian Business Growth Index

The Airwallex Australian Business Growth Index is the first edition of an annual series that takes the pulse of the Australian small business ecosystem. The Index explores a range of opportunities and challenges facing the SME sector, including growth, funding, staffing and technological innovation. Airwallex surveyed 202 small businesses in Australia (20-199 employees) in late May 2022 across a range of industries, locations and annual turnovers.

Australian fintech leads the charge in ethical investing and PayID

Micro-investment app Blossom, partners with Azupay to bring real-time account-to-account payments via PayID to a new generation of investors.

Offering everyday people access to Blossom’s returns from fixed income investments with faster, safer and smarter ways of paying and getting paid will revolutionise how Australians save.

Blossom Co-Founder, Gaby Rosenberg, said the company wanted to simplify every aspect of investing and this includes the customer experience of transferring and withdrawing.

“Partnering with Azupay allows Blossom to offer account-to-account payments to our customers who are very much part of the on-demand digital economy,” said Ms. Rosenberg.

“By using PayID, our customers can now transfer funds straight from their bank account in real-time, this means their savings journey can starts instantly.

PayID adoption continues to grow with more than 11 million already registered and when used for consumer-to-business or business-to-business transactions will help to reduce the $420 million
worth of fraud that the ACCC identified this year.

Blossom has partnered with Australia’s leading real-time payments provider, Azupay, inspired by their early adoption and innovation of PayID as a C2B payment method and ongoing support to the start-up community.

Beyond PayID and receivables, Azupay also offers a suite of real-time solutions that provide straight-through reconciliation and payment velocity to both disbursements and recurring payments.

Azupay Chief Product Officer, Tom Rundle, said partnering with clever and nimble start-ups like Blossom continuously excites us with use cases that we didn’t see coming.

“While our product suite is designed and built for large enterprises and government, it has always been start-ups that have been quickest to integrate with our simple APIs and in turn go to market faster,” said Mr. Rundle.

Blossom app has attracted more than $22 million from young, mostly female investors who share Rosenberg’s vision is about investing without being exposed to the riskier parts of the market. For more information visit

More Information:

Danny Savic, Chief Customer Experience Officer
Mobile: +61 402 289 853

About Azupay
Azupay are specialists in real-time payments and the first to offer consumer-to-business payment solutions using the New Payments Platform (NPP) and PayID. Driven by innovation, Azupay enables Australian businesses to improve their cash flow, reduce fraud and frees them up to focus on growing their business and serving their customers.
Azupay is proud to be ‘genuinely Australian’, certified Australian Made, and encourages responsible spending.

Blossom App

Gaby Rosenberg, Co-Founder
Mobile: +614 08 444 732

About Blossom App

Blossom helps Aussies save and invest their income, with targeted annual returns of 3.5% in the Blossom Fund. Blossom allows users to get started with $1 and has no sign up or transfer fees.
Blossom provides access to fixed income investments through the Blossom Fund, helping everyday Aussies target higher returns. The Blossom Fund benefits from the services of Fortlake Asset
Management Pty Limited, E.Y. and J.P. Morgan. You can download its iOS or Android app or visit to sign up.

Gleneagle Asset Management Limited (ABN 29 103 162 278 AFSL 226199) is the Responsible Entity of the Blossom Fund (ARSN 645 889 998). You should consider the relevant Product Disclosure Statement, along with the Target Market Determination, available on ( Your savings are not held in a bank account deposit and are subject to investment risk. BlossomApp Pty Ltd (ABN 29 103 162 278) is Corporate authorised Representative No. 001284228 of Gleneagle Asset Management Limited.

Shift launches Equipment Line revolving credit facility  

29 August, 2022, Sydney, Australia – Shift, a provider of credit and payment platforms to Australia brokers and businesses, has launched Equipment Line, giving businesses a simple, consistent and easy-to-access revolving credit facility for asset purchases.

According to Kristian McCausland, Equipment Line is the first revolving facility for asset finance which is assessed on bank statement data alone. 

“We’re giving businesses certainty regarding how much asset finance they can access, so they can plan their capital expenditure for the coming years. This is a feature that’s been lacking in the market until now,” said Kristian. 

“When we piloted the product earlier this year, brokers told us they wanted the choice of either their customer completing the transaction or the broker doing it for them, so we’ve rolled that capability into the product in this latest release.” 

Early broker feedback on Equipment Line has been positive, with Steven Emms of Speaking Finance calling out its flexibility.   

“I was lucky enough to be one of the first brokers to use Shift’s new Equipment Line,” said Steven. “I see it as a real game-changer for clients across all manner of industries because once they’re set up, the funds are there when they need them, helping them plan with more certainty.”  

With Equipment Line, once brokers register their customers, either the broker or the customer can initiate transactions ranging in value from $2,000 to $500,000 in value in one day, with a total account threshold of up to one million dollars. 

Following the initial registration process, customers – or their brokers – can initiate a purchase whenever they like, rather than having to go through an approval process for each individual purchase. 

“We’re pleased with the broker feedback on our pilot and look forward to rolling out more releases later this year to deliver finance on demand to our brokers and their customers,” said Kristian. 

About Shift  

Shift is finance on demand for business. Enabled by streaming data, Shift provides credit and payment platforms that help businesses trade, pay and access funds.  As one of Australia’s fastest-growing technology companies, Shift is changing the way businesses access finance. Shift has been recognised by AFR’s Fast 100, Deloitte’s Technology Fast50, Smart Company’s Smart50, and Deloitte’s Asia Pacific Technology Fast 500.  

Non-bank lender specialising in bridging loans appoints Stephen Doyle as Head of Distribution as the start-up looks to grow its broker offering and network

For immediate release, Sydney, Australia: Tech-driven, non-bank lender Bridgit, which is revolutionising property lending via bridging loans to enable homeowners to ‘buy now and sell later, has appointed financial services and aggregator expert Stephen Doyle as its new Head of Distribution.

Stephen has more than 25 years’ experience in the financial services industry, of which 20 years were directly in aggregators, which has contributed to his track record for accelerating company growth.

Most recently, Stephen was the Director of Growth for Australasia’s biggest aggregator, Loan Market Group. Within just over two years, Stephen led a team that grew the broker channel by 50 per cent, cementing key elements of recruitment and team management.

Prior to this, Stephen was National Sales Manager at NAB where he was responsible for a national channel of 4500 brokers for an insurance product. He then became State Director (NSW/ACT) at the Australian Finance Group (AFG), where he impressively quadrupled property settlements from $3 billion to $12 billion per annum.

In Stephen’s new role at Bridgit, he will be responsible for building the business development management team across Australia, with a focus on strengthening the Bridgit broker offering and drawing on his past experience and expertise to engage aggregators.

Stephen Doyle, Head of Distribution at Bridgit, says “I am excited to be joining Bridgit at this pivotal growth stage of the business. There is a huge opportunity for Bridgit to revolutionise bridging finance with their simple, tech-driven solution for customers and to help mortgage brokers provide clients with an option so they can secure their next home before selling their existing property. Previously there was a huge gap in this market, which Bridgit is now fulfilling.

“I look forward to building relationships with my new colleagues and fostering those with my fellow industry professionals, and channelling my previous skills working with brokers and aggregators to further propel Bridgit.”

Aaron Bassin, CEO, and co-founder of Bridgit, says “We are thrilled to welcome Stephen to the Bridgit team. His previous extensive experience and his expertise in building relationships and teams will be a great asset to the next stage of growth for the company.”

Stephen joins the emerging non-bank lender just over a year after its establishment. Since it launched in 2021, Bridgit has raised nearly $113 million in capital and processed more than $1 billion in loan applications.

Fintech bridging loan specialist hits $1 billion in loan applications as homeowner demand for a ‘buy first, sell later’ model grows

Less than 12 months after its launch, tech-driven bridging loan specialist Bridgit has achieved a milestone $1 billion in loan applications as a growing number of homeowners opt to buy their next home before selling their existing property first.

With property prices rising 11.2 per cent nationally over the past 12 months and even higher among the capital cities,[1] many older Australians capitalised on this growth and cashed in on the boom. Sixty per cent of Bridgit applications were for downsizers and consisted predominantly of Baby Boomers.

Interestingly, the average size of Bridgit loans is $1 million. Sydney, Melbourne and Brisbane buyers account for the majority of customers, at 40 per cent and equal 60 per cent, respectively.

Bridgit was founded in mid-2021 after the co-founders, mortgage broker Nick Jacobs and capital markets specialist Aaron Bassin, saw a gap in the market to provide fast property finance solutions without a manual and lengthy process. Often, homeowners miss out on their dream home due to traditional slow approval processes or not having the funds for a deposit for their new home. Bridgit has revolutionised bridging loans by providing a simple online application, same-day approvals, three-months interest free, the freedom of a ‘buy first, sell later’ model, and no repayments until the loan reaches maturity and the existing home is sold.

Bridgit has been on a growth trajectory since launching last year, having raised $13.2 million in equity and secured $100 million in venture debt funding.

Aaron Bassin, CEO and co-founder of Bridgit, says: “We’re extremely thrilled to have hit $1 billion in loan applications, a milestone that gives us confidence our product is helping Australians make the most of property opportunities.

“Our mission has always been to challenge the traditional lending model and provide Australians with a new solution that actually helps them progress. Our customers have loved the flexibility of being able to use a fast bridging loan solution – providing them with an option to buy first and offering many benefits, particularly for retirees or downsizers who want to buy on their terms without having to sell first.”

Case study available: Mark and Kay, Sydney

Retiree couple Mark and Kay planned to downsize from their five-bedroom family house in south-west Sydney to an inner city apartment, so they initially put down a deposit for an off-the-plan two-bedroom apartment. After moving in earlier this year, they realised the space wasn’t large enough to accommodate the growing number of grandchildren in the family.

After coming across a four-bedroom apartment in Sydney’s Wolli Creek which better suited their lifestyle and needs, they knew they needed to move fast and make an offer quickly to secure the listing. After their second property inspection one Saturday morning and realising this was their dream purchase, they completed Bridgit’s online application for a bridging loan that afternoon, and received approval within an hour. Having previously worked in the traditional financial services sector, Mark was blown away by the fast finance solution.

Available for interview:

Aaron Bassin, CEO and co-founder at Bridgit

Mark S, Bridgit case study

About Bridgit

Bridgit is a tech-driven, non-bank lender revolutionising property lending – specifically bridging loans – with its simple online loan application, same-day approval and three-month interest-free period. It provides Australian homeowners access to better finance solutions, so they can secure their next home before selling their existing property. In doing so, homeowners can act fast and not miss out on opportunities to purchase their next dream home.

Bridgit was co-founded in 2021 after mortgage broker Nick Jacobs and capital markets specialist Aaron Bassin saw the industry was lagging and customers were paying the price for traditional slow and manual finance processes for property loans. Since their launch, Bridgit has raised nearly $13 million in equity capital and processed more than $1 billion in loan applications within the first 12 months of operation. Bridgit was also named as a finalist in the 2022 Finnies Award for Emerging Fintech Organisation of the Year. For more information, visit


Just one year after its grand launch at Perth’s Optus Stadium, Australia’s fintech digital finances platform Ziksu has been awarded as the Most Innovative Contactless Payment Solution (APAC) 2022 by an international finance magazine.

The annual fintech award is part of ten wealth and finance award categories hosted by UK-based, Wealth and Finance International magazine and is judged by a panel of researchers on several criteria. These include, demonstrated expertise in a given area, dedication to client fulfilment and noteworthy performance or commitment to innovation.

Ziksu Founder, CTIO, Karthik Srinivasan said he was proud to be recognised in the global arena.

“It’s fantastic to be recognised for financial services innovation within the APAC region…we are excited to offer Ziksu’s ‘Scan n Pay’ as the first truly contactless payment method instore in Australia, Mr Srinivasan said.

“It enables customers to manage transactions through their mobile device, including entering a pin number to verify their identity, which has been highlighted as critical during the pandemic.

“Ziksu provides an instore digital solution to the ongoing transaction problems faced by Australian businesses.”

As the first Australian fintech to be recognised as a financial institution, Ziksu incorporates a QR code and true contactless mobile payment services with a digital transaction account and real-time funds settlement. Mr Srinivasan said the Ziksu app would also provide equality in financial services for Australian consumers.

“Australia’s payment system has remained unchanged for more than three decades and millions of small businesses have been burdened with including ongoing terminal costs, high account keeping fees, waiting up to three days for funds to appear in their account and loss of business due to general hardware failures,” he said.

Small businesses have laboured under the restrictions of cash or EFTPOS payment landscape in Australia and a ‘Tap n Pay’ option leading many to pass on the high service fees or implement price hikes to consumers. The heavy reliance on a payment terminal has also made it a single point of failure for any business when natural disasters or terminal disruptions occur.

Ziksu’s ‘Scan n Pay’ QR code product is a genuine third payment option for Australia’s small business and consumers, instore. It combines transactional banking with a digital transaction account and truly contactless payments for both business and personal customers within the scope of Anti Money Laundering/Counter Terrorism Funding (AML/CTF) regulations and compliance.

‘Scan n Pay’ is 100 percent mobile and user-friendly, operating on any Android or iOS mobile device via the Ziksu app and is the first of its kind to utilise the New Payments Platform (NPP) whose original shareholder is the Reserve Bank of Australia. It enables the user to send and receive money through the app and has been developed as per the NPP QR Code Standard to support a consistent payment experience.

Ziksu has further developed static and dynamic QR Codes across several use cases mainly for instore e-commerce, invoices, and P2P scenarios. It’s available 24 hours a day, 365 days a year and allows transactions to settle in real time across more than 100 banks, and financial institutions connected to the platform.

QR codes have already become widely accepted throughout Australia due to compulsory COVID-19 contact tracing and have been popular in APAC countries for many years. Australian consumers will also enjoy QR codes with no delays or wait times, additional budgeting tools and instant digital transactions with ‘Scan n Pay’.

Accounts open in less than two minutes and five minutes respectively including Know Your Customer checks and identity verification. Ziksu is a regulated entity and conducts in-app identity verification of individuals and businesses to safeguard the integrity of the platform.

Consumers can access the product by downloading the Ziksu app and once the identity has been verified, the user is provided with a digital transaction account, which includes a BSB, account number, PayID and unique QR code. With the initial commencement of PayTo services from NPPA, Ziksu is currently developing features in its Scan n Pay product to further revolutionise account-to-account payments and aims to transform the instore payment experience for a customer.

PayTo is a new digital way for merchants and businesses to initiate real-time payments from their customers’ bank accounts. The platform will also incorporate Open Banking, which will further enhance its product-offering.

Open Banking will enable businesses and consumers to pull financial information, based on consent, and will enable Ziksu customers to link all debit/credit accounts, providing a 360-degree view of all their finances on one digital platform

These digital enhancements contribute to Ziksu’s overall mission of bolstering Australia’s small businesses through improved cashflow. Ziksu has a global outlook and is on track to realising its strategic plan, and developing a third product, which is expected to be taken to the international market in early 2023.

For further information please contact

Rhonda Malkin,

Digital Content/Copywriter

1300 194 578 /


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