Non-bank lender and aggregator team up

by Madison Utley20 Mar 2019

An alternative lender and an aggregator have announced their new partnership. 

Classic Funding Group (CFG) has joined up with Connective as an equipment and business cash flow finance lender.

Connective head of asset finance, Brent Starrenburg, welcomes CFG to the lender panel as part of the “mission to empower brokers through partnerships by making sure that they deliver real value for long term business growth together with the provision of lender choice.”

The aggregator has more than 3,600 members and provides services to mortgage, commercial and asset finance brokers.

CFG provides finance solutions to SMEs, large enterprises, government bodies and education institutions.

Head of sales and marketing at CFG, Gavin Judd, said, “Enquiries are already coming in from Connective. It’s exciting for our sales team to be out across Australia meeting new brokers. We’re looking forward to supporting growing their business and meeting their client's finance needs.”

The funding group prides itself on the longstanding relationships it has cultivated with asset finance brokers, but also recognises “that the broking community is changing with aggregators being the catalysts in encouraging new technology adoption and upskilling.”

CFG CEO Paul Rathbone said, “I am delighted to partner with Connective. Their values of collaboration, trust and doing the right thing, align so well with our own.

“We expect many mortgage brokers will look to broaden their portfolios in the future and believe that our lending solutions will work well for all Connective brokers.”