Major aggregator actively seeking further acquisitions

by Julia Corderoy12 May 2015
Major aggregator, Finsure has announced it is “actively seeking” further growth opportunities amid talk of mergers and acquisitions in the Australian financial services sector.

After rumours circulated of a merger with Yellow Brick Road earlier this month, Finsure managing director John Kolenda says the group has no interest in any mergers with other companies, but is keenly pursuing further acquisitions of its own.

“Finsure is always on the lookout for growth opportunities and in recent years we have acquired mortgage aggregator LoanKit as well as homeloan.com.au and comparehomeloans.com.au - two of the best domains in the financial services industry,” he said.

“These acquisitions have been part of our broader, multi-brand lead generation strategy across our different customer segments, which include Australia's first mortgage-broker owned home loan brand, 1300HomeLoan.”

Finsure's revenue grew by 140% in FY14 compared to the previous year and the group now has over 700 broker partners. According to Kolenda, this growth is what may have started the rumours. 

“This growth has drawn a lot of attention and now put us in the spotlight.”

Kolenda says the rapid growth has been driven by brokers wanting greater value from their aggregator.

“It's no accident that we've been able to set ourselves apart from the other aggregators when it comes to providing value-added services to our brokers. You just can't find that level of service anywhere else.”
 

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