Major fintech Judo Bank has struck a deal with aggregator Choice to expand its product offering to 75% of the broker channel.
Judo, which is one of the best established neobanks in Australia, specialising in SME lending and will hope to become a major player within the commercial broker segment.
“Since the start of COVID, Judo has more than doubled the size of its loan book at a time when lending to SMEs by the banking sector has contracted,” said Judo’s Chief Third Party Officer, George Obeid.
“Partnering with Choice, one of Australia’s largest and most respected finance broking operations, will help extend Judo’s reach even further and support our continued growth in the market.”
On the aggregator side, Choice were delighted to welcome Judo onboard.
“The SME segment continues to be a key growth area for Choice brokers,” said their CEO, Stephen Moore.
“Judo has established itself as a genuine alternative bank who truly understands the different needs of SME clients.”
“It’s great to add Judo to our panel and I look forward to our brokers offering their SME clients more solutions through them as Australia navigates its way out of COVID-19.”