Fintelligence expands SME lending menu with key partnership

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

The partnership promises brokers on the Fintelligence network access to Moneytech’s full suite of funding products, including working capital lending, asset/equipment finance, debtor and trade finance, and business and property loans.

The lender currently underwrites equipment 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 executive Nick McGrath said.

“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 general manager Michael McEvoy welcomed the addition of Moneytech to its commercial 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, providing brokers on its network access to consumer and commercial finance plans from all major banks and non-bank lenders.

Australian Finance Group (AFG) last year completed its full acquisition of Fintelligence (under the National Finance Alliance Pty Ltd banner), snapping up the remaining 16.7 per cent share in the company.

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

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