iSelect expands into business lending

by Madison Utley21 Jan 2021

Comparison website iSelect has added business loans to their product offering, becoming the latest in a string of “high-profile” Australian brands to partner with the same Sydney-based fintech to do so.

The fintech in question, Valiant, came onto the scene somewhat recently, backed by big names like Salesforce, ANZ and Westpac; the group provides a platform that pairs customers with loan products from over 80 lenders and then helps manage the loan process all the way through to settlement. The service can be used as a stand-alone, co-branded or completely white labelled experience for partners such as iSelect.

To date, the business lending platform has funded over $650m for its users.  

Valiant director of strategic partnerships, Paul Barker, said the group’s strategy has always centred around partnering with “trusted Australian brands”, with iSelect sitting alongside names such as Australia Post, Qantas and Westpac.

“iSelect is a leader in the comparison space with many parallels to our own business so it’s a great fit to provide business loan options to their customers,” Barker said.

“We are expecting 2021 is to be a big year in the partnership space and are excited to start it off with one of Australia's top comparison sites.”

Now, iSelect customers can either apply online for a business loan or request a callback; either way, they will be supported by Valiant’s business finance specialists throughout the process, from comparing products to lodging applications, through to receiving funds.

Chief experience officer at iSelect, Slade Sherman, said the company is thrilled to be expanding the “breadth and depth” of the comparison services it provides through the new partnership.

“We know many small businesses around Australia experienced an incredibly tough year in 2020 and we hope we can help make their lives a little easier by saving them time, effort and money across range of products relevant to SMEs,” he said.

“Our new business loans vertical in partnership with Valiant compliments our other SME offerings including Business Insurance, energy and telco.”