Aggregator grows lender panel by seven

by Madison Utley03 Sep 2019

In order to provide its broker network with a larger range of finance solutions, an asset finance group has diversified its panel through the addition of seven new lenders.

Platform Finance’s panel now includes:

  • OnDeck – small business loans
  • SocietyOne – personal loans
  • Bigstone – commercial asset finance loans
  • Scottish Pacific – SME loans
  • VWFS – fleet, finance and novated leasing products
  • Judo Capital – various products
  • Branded Financial Services (BFS) – range of solutions, including motor vehicle loans

“Asset finance isn’t a one-size-fits-all situation. Businesses have different requirements depending on their industry and customers, and we understand these needs can change as businesses grow or change structure,” said Damian Mantini, Platform Finance director of aggregation and strategic partnerships.

“As an aggregator, it’s essential we partner with lenders who offer a wide range of products and services to suit these ever-changing needs. This enables us to support brokers to provide great options, the highest level of customer service and achieve better outcomes.”

Platform Finance also welcomed LFI Group to its panel as a provider of Vehicle Equity Insurance (VEI) for total vehicle loss and Loan Protection Insurance (LPI).

“Whether it’s an SME or larger organisation needing equipment finance, fit-out finance, trade finance, lines of credit or flexible business loan offerings, we have specialist lenders on our panel that can provide a solution,” said Mantini.

“Feedback from our broker network highlights the greater role they are now playing in assisting businesses – small to large – in securing asset finance and working capital. And with asset finance also impacted by tighter lending standards, having a wider range of options is crucial.”

“For brokers, this expanded offering enables them to further bolster their relationship with their clients and to reach new clients,” Mantini added.