Leading mortgage franchise Mortgage Choice has announced it has teamed up with online SME lender, Prospa.
“We are very excited to announce that we have partnered with Prospa to help us deliver a broader range of commercial lending and cash flow financing solutions to our customers,” Mortgage Choice’s general manager of product Emma Dupont-Brown said.
“Prospa is the leader in online small business lending, utilising their smart proprietary technology platform to quickly assess online applications for unsecured loans up to $250,000.
“A significant proportion of our customers are small business owners who have very specific commercial lending and cash flow financing needs.
“Prospa specifically services this particular customer segment with quick-to-market, innovative cash flow solutions. Better yet, Prospa delivers these solutions in an efficient manner, without the need for cumbersome paperwork, which helps our customers to stay focussed on what matters to them - running their small businesses,” said Dupont-Brown.
According to Dupont-Brown, Mortgage Choice found Prospa to be heads and shoulders above the rest in the SME space, which led to the decision to add the fintech to the franchise’s panel.
“Prospa was a 2016 and 2015 Telstra Business Award finalist and ranked 31st in the world as an innovator in the finance sector - and first in Australia - by KPMG's FinTech100,” she said.
“For these reasons and more, I am confident that Prospa will be a great addition to the Mortgage Choice commercial offering.”
The alignment in each of the company’s values also led to the cementing of the partnership, said Prospa’s head of sales and business development, Matt Bauld.
“At Prospa we work with partners that put customers first. Mortgage Choice shares our values – they care about customers, they’re forward thinking and there's a strong focus on learning and development for their people,” he said.
“Mortgage Choice has built a reputation for incredible customer service through their hundreds of locations, including rural and regional Australia.
“Through this partnership, we’re not only giving Mortgage Choice’s brokers access to small business loans, but the ability to meet the cash flow finance needs of their customer base. We also provide best practice tools and education.
“As the market leader in online small business lending, we’ll continue to invest in our partnerships and find smarter ways to improve the way people experience finance.”