AFG announce partnership with US fintech
(26 September 2016 – Australia) Australian mortgage broking group, AFG have announced an exclusive agreement will with United States (US) based fintech, Biz2Credit.
According to a statement, the partnership will enable AFG brokers to deliver a new lending experience for small businesses in Australia. AFG will leverage Biz2Credit’s patented analytics and financial services technology to process small business loan requests more efficiently.
“Loan applicants will enter information through a new online small business portal,” AFG said.
“The technology will enable AFG brokers to provide small business borrowers with a broader range of options and deliver faster access to capital.”
Using the new online lending platform, AFG brokers will be able to provide more choices to borrowers, AFG chief operating officer David Bailey said.
“We think this is critical to ensure small to medium enterprises (SMEs) can also prosper in the low interest rate environment, while also process funding requests in real-time. The ability to receive assistance when and where a customer needs it is one of the key value propositions of a broker,” he said.
Biz2Credit’s CEO and co-founder Rohit Arora said aligning with AFG as the exclusive distributor of its advanced financial technology will bring an innovative SME lending platform to Australia.
“This is a significant engagement with an active organisation operating in the Australian financial services market that understands there is an increasing need to offer digital solutions in all areas of small business lending.”
Biz2Credit has helped small businesses obtain more than US$1.4 billion in loans and other financial products across the US.
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