Online resource for small business finance, Biz2Credit, announced on Tuesday it formed a new partnership with Australian Finance Group (ASX: AFG), one of Australia’s largest providers of mortgage brokering services, as it prepares to expand its international small business financing.
Sharing details about the new partnership, AFG COO David Bailey, stated:
“We think this is critical to ensure small to medium enterprises (SME)s 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. 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, including evenings and the weekend. AFG is proud to be the exclusive sales partner of Biz2Credit in building a new B2B lending platform in Australia. The SME lending market in Australia has in our view been underserviced. Using Biz2Credit’s patented technology and AFG’s extensive broker network, competitive SME lending in Australia is getting the kick-start it needs to succeed.”
Biz2Credit’s CEO and co-founder Rohit Arora, added:
“Aligning with AFG as our exclusive distributor of Biz2Credit’s advanced financial technology will bring an innovative SME lending platform to the continent of Australia. 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.”