Non-bank lender Bridgit expands broker offering through new partnership with award-winning aggregator Finsure

Wednesday 16 November 2022, Sydney, Australia: Tech-driven non-bank lender Bridgit has expanded its broker network this month by partnering with one of Australia’s largest mortgage broking groups, Finsure. The new partnership sees Bridgit join the aggregator’s lender panel as its first tech-driven bridging solution.

Bridgit is revolutionising property lending with its simple online loan application, 24-hour approval and three-month interest-free period. This expansion of its broker offering will provide more Australian homeowners access to better finance solutions. Finsure is a tech-focused company and one of the fastest-growing aggregator groups in Australia.

Bridgit will fill the gap for Finsure brokers to provide clients with a revolutionary bridging loan solution and more diverse products. Brokers will also benefit from Bridgit’s resources, tools and innovative technology to simplify and streamline the bridging process.

This partnership sees Bridgit triple its exposure to the broker network, with Finsure providing access to over 2,400 brokers. It marks the second aggregator partnership for Bridgit.

Bridgit CEO and Co-Founder Aaron Bassin says: “The Bridgit team is thrilled to be growing our partner network and helping more Australian homeowners progress in their property journey. We have seen the strength of working with aggregators and are excited to start working with the high-calibre Finsure broker network.

“Our partnership with Finsure is solidified by our shared vision of providing Australian homeowners more flexible and accessible ways to access property financing. Our bridging loan product has diversified the product offering of Finsure’s quality network of over 2,400 brokers, giving them and their clients more opportunity to buy first, sell later.”

Finsure CEO Simon Bednar says: “Bridging finance has always been a challenge for brokers due to the complex process and traditionally short turnaround times required by the customers. Thanks to their innovative technology and streamlined process, Bridgit has developed a service offering that overcomes these hurdles and places them as a market-leader in the bridging finance space.

“We believe their comprehensive solution will help our brokers better support their customers as they embark on the home buying journey, alleviating some of the time pressures should Lender SLAs increase, or the property market clearance rates continue to drop.”

Bridgit Head of Distribution Stephen Doyle says: “The team and I are very excited to work with Finsure. They have proven themselves to be a top class group, growing into one of the biggest aggregators in Australia. At Bridgit we combine amazing service, technology and a brilliant product, which I am confident will add value to the Finsure panel and allow us to build a brilliant partnership.”


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 won the Finder Innovation Awards 2022 for ‘Best Lending Innovation’. It was also named as finalists in the 2022 Finnies Award for Emerging Fintech Organisation of the Year and 2022 FinTech Awards for Best Innovation in Proptech. For more information, visit Bridgit.com.au

FOUR MUMS RAISING KIDS WITH DISABILITIES CRACK $1M IN FUNDING FOR START-UP THAT UNRAVELS NDIS COMPLEXITY

NOVEMBER 2022: the four mums behind Australia’s number one social network for parents raising children with disabilities, Kindship, have raised more than $1 million that will go towards their start-up that unravels NDIS complexity. According to Summer Petrosius, Sandy Golder, Steph Wicks and Tara Thompson, one of their main priorities has always been to unshackle parents just like them from the time-wasting NDIS infrastructure. The group’s own research of more than 1,000 families raising kids with a disability has revealed 1 in 4 parents are spending 5+ hours each week navigating the NDIS. The  organisation’s end goal – parents being able to spend more time with their families, being able to resume meaningful (more…)

realestateview.com.au partners with Joust to help millions of Australians find their dream property

MONDAY, NOVEMBER 14, 2022 – Realestateview.com.au today announced a pilot partnership with Joust, Australia’s leading online home loans marketplace, to help millions of Australians find the right finance solution when looking to buy, sell or invest in property.

Realestateview.com.au assists 1.1 million* property seekers each month to find their dream property. Joust will now assist these property seekers by providing an integrated home loan marketplace to help connect them to the right lenders and brokers for their home loan needs.

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Open Finance Advisors launches to help make open banking in Australia a reality

Today, we are pleased to launch Open Finance Advisors. We are a specialist consultancy helping Australian and global businesses make open banking and finance a reality through the Consumer Data Right (CDR).

Brenton Charnley, CEO and Founder of Open Finance Advisors said:

“I am excited about continuing to support businesses develop their open banking and open finance strategies via the CDR. Open banking, and open finance more broadly, has the opportunity to revolutionise the financial services industry as we have already seen from the UK and EU under PSD2. However, at just two years old we are just getting started with open banking in Australia under the CDR.”

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Lakeba and Microsoft sign strategic partnership to support growth of high-tech businesses

New deal to expand DoxAI digital services marketplace for finance industry

Global venture catalyst firm Lakeba has today announced a strategic partnership with Microsoft that aims to boost the scalability and security of Lakeba’s technology-led businesses. The deal also aims to accelerate the growth of Lakeba’s DoxAI digital services marketplace for the financial services industry.

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Thriday signs exclusive Banking-as-a-Service agreement with Regional Australia Bank

Thriday is on a mission to eliminate financial admin for small business owners and disrupt the $57 billion Australian SME financial services market.

This Banking-as-a-Service (BaaS) partnership means Thriday is Australia’s only fully integrated business financial management platform giving small business owners end-to-end control of their finances, from banking, payments, invoicing and expense management right through to tax. All in one place.

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BetaCarbon Launches First Platform Enabling Australians to Invest in Australian Carbon via Blockchain

Last week BetaCarbon launched its platform to allow Australians to diversify their investments by participating in the Australian carbon market.

The multi-award winning fintech was founded last year to democratise access to the Australian carbon market, allowing individual and small business investors to ride the wave to net zero.

To date retail investors were unable to directly invest in Australian carbon credits, but BetaCarbon purchases and then tokenises Australian Carbon Credit Units (ACCUs) so that consumers can invest in its Australian Carbon Token (BCAU) from $1. One token represents 1kg of CO2 emissions captured or avoided. (more…)

Mambu and Credisense collaborate to offer APAC lenders a next-generation end-to-end lending solution

The two leading fintechs have fused their next-generation technology platforms to deliver an innovative cloud-native solution for lenders of all sizes across Asia Pacific

SYDNEY, 9 November, 2022: Credisense, a leading no-code origination, workflow and credit decisioning platform headquartered in New Zealand, has partnered with global cloud-native SaaS banking and financial services platform Mambu, to accelerate the modernisation of lending systems in the Asia Pacific market. (more…)

Household journey to zero carbon enabled by fintechs and new regulation

With Australia’s electricity prices reaching their highest levels on record and set to increase by 50 per cent over the next two years, Australian tech companies Adatree and Accurassi have partnered to help households securely and easily transition to the cheaper and more environmentally friendly option of solar panels, and accurately understand how many are needed to offset one’s energy consumption. (more…)

Frollo calls for government consumer awareness campaign as more businesses embrace Open Banking

Latest State of Open Banking report shows a growing industry in need of consumer awareness

Sydney, 9 November 2022 – Open Banking provider Frollo has published its yearly ‘State of Open Banking’ report, providing a pulse check of the Open Banking industry in Australia. The report shows an industry with all the ingredients for success, but one: Consumer awareness. With recent high-profile breaches at Optus and Medibank in mind, consumers must be made aware of this secure, government-regulated alternative to sharing bank credentials with third parties. (more…)

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