Fintelligence expands SME lending menu with key | Australian Markets

SME specialist lender Moneytech has introduced it has joined the business panel of financial product aggregator Fintelligence, offering brokers on the platform an expanded menu of non-bank business lending merchandise.

The partnership guarantees brokers on the Fintelligence community entry to Moneytech’s full suite of funding merchandise, together with working capital lending, asset/tools finance, debtor and trade finance, and business and property loans.

The lender at present underwrites tools finance loans of up to $2 million, trade financing of up to $10 million, and debtor finance of up to $25 million per borrower.

“This partnership with Fintelligence is about arming more brokers with the tools to say ‘yes’ to business clients looking for responsive, practical funding,” Moneytech chief government Nick McGrath stated.

“We understand that access to finance can make or break an SME’s next move, whether that’s purchasing equipment, improving cash flow, or fuelling expansion. Our goal is to make that access as seamless as possible through the broker channel.”

Fintelligence basic supervisor Michael McEvoy welcomed the addition of Moneytech to its business panel, hailing the lender’s “versatility across industries and deep broker engagement”.

Fintelligence touts its flagship Aggregation Finance Platform as Australia’s fastest-growing asset finance aggregator, offering brokers on its community entry to shopper and business finance plans from all main banks and non-bank lenders.

Australian Finance Group (AFG) final 12 months accomplished its full acquisition of Fintelligence (underneath the National Finance Alliance Pty Ltd banner), snapping up the remaining 16.7 per cent share within the company.

The Group counts more than 4,100 brokers throughout Australia, representing one-sixth of the native broker market.

Founded in 2003, Moneytech has funded more than $7 billion in invoices to Australian companies.