Fintech company Biz2Credit has announced a strategic alliance with mortgage brokering services provider Australian Finance Group (AFG) which will allow the latter the opportunity to provide small business loans to its clients through the Biz2Credit platform.
“We think this is critical to ensure SMEs can also prosper in the low interest rate environment, while also process funding requests in real-time,” AFG COO David Bailey said. “The ability to receive assistance when and where a customer needs it is one of the key value propositions of a broker.
“The mobile-first digital application approach means an AFG broker can help their clients apply for credit from any device, laptop, or smart phone at a time and a place that suits their client.”
Mr. Bailey said the Australian SME lending market has been underserviced.
“This is a significant engagement with an active organization 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 CEO and cofounder Rohit Arora said.