Non-bank lender Bridgit expands broker offering through new partnership with award-winning aggregator Finsure
Wednesday 16 November 2022, Sydney, Australia: Tech-driven non-bank lender Bridgit has expanded its broker network this month by partnering with one of Australia’s largest mortgage broking groups, Finsure. The new partnership sees Bridgit join the aggregator’s lender panel as its first tech-driven bridging solution.
Bridgit is revolutionising property lending with its simple online loan application, 24-hour approval and three-month interest-free period. This expansion of its broker offering will provide more Australian homeowners access to better finance solutions. Finsure is a tech-focused company and one of the fastest-growing aggregator groups in Australia.
Bridgit will fill the gap for Finsure brokers to provide clients with a revolutionary bridging loan solution and more diverse products. Brokers will also benefit from Bridgit’s resources, tools and innovative technology to simplify and streamline the bridging process.
This partnership sees Bridgit triple its exposure to the broker network, with Finsure providing access to over 2,400 brokers. It marks the second aggregator partnership for Bridgit.
Bridgit CEO and Co-Founder Aaron Bassin says: “The Bridgit team is thrilled to be growing our partner network and helping more Australian homeowners progress in their property journey. We have seen the strength of working with aggregators and are excited to start working with the high-calibre Finsure broker network.
“Our partnership with Finsure is solidified by our shared vision of providing Australian homeowners more flexible and accessible ways to access property financing. Our bridging loan product has diversified the product offering of Finsure’s quality network of over 2,400 brokers, giving them and their clients more opportunity to buy first, sell later.”
Finsure CEO Simon Bednar says: “Bridging finance has always been a challenge for brokers due to the complex process and traditionally short turnaround times required by the customers. Thanks to their innovative technology and streamlined process, Bridgit has developed a service offering that overcomes these hurdles and places them as a market-leader in the bridging finance space.
“We believe their comprehensive solution will help our brokers better support their customers as they embark on the home buying journey, alleviating some of the time pressures should Lender SLAs increase, or the property market clearance rates continue to drop.”
Bridgit Head of Distribution Stephen Doyle says: “The team and I are very excited to work with Finsure. They have proven themselves to be a top class group, growing into one of the biggest aggregators in Australia. At Bridgit we combine amazing service, technology and a brilliant product, which I am confident will add value to the Finsure panel and allow us to build a brilliant partnership.”
About Bridgit:
Bridgit is a tech-driven, non-bank lender revolutionising property lending via bridging loans and equity release with its simple online loan application, 24-hour approval and three-month interest-free period. It provides Australian homeowners access to better finance solutions, so they can secure their next home before selling their existing property. In doing so, homeowners can act fast and not miss out on opportunities to purchase their next dream home.
Bridgit was co-founded in 2021 after mortgage broker Nick Jacobs and capital markets specialist Aaron Bassin saw the industry was lagging and customers were paying the price for traditional slow and manual finance processes for property loans. Since their launch, Bridgit has raised nearly $113 million in capital and processed more than $1 billion in loan applications within the first 12 months of operation. Bridgit won the Finder Innovation Awards 2022 for ‘Best Lending Innovation’. It was also named as finalists in the 2022 Finnies Award for Emerging Fintech Organisation of the Year and 2022 FinTech Awards for Best Innovation in Proptech. For more information, visit Bridgit.com.au