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Mortgage joins forces with Prospa

Mortgage Choice has partnered with Prospa to deliver a broader range of commercial lending and cash flow financing solutions to customers through their hundreds of locations nationwide…

Mortgage Choice joins forces with Prospa

In a bid to better cater to the growing commercial needs of its customers, Mortgage Choice has added Australia’s leading online lender, Prospa, to its panel.

“We are very excited to announce that we have partnered with Prospa to help us deliver a broader range of commercial lending and cash flow financing solutions to our customers,” Mortgage Choice’s general manager of product Emma Dupont-Brown said.

“Prospa is the leader in online small business lending, utilising their smart proprietary technology platform to quickly assess online applications for unsecured loans up to $250,000.

“A significant proportion of our customers are small business owners who have very specific commercial lending and cash flow financing needs.

“Prospa specifically services this particular customer segment with quick-to-market, innovative cash flow solutions. Better yet, Prospa delivers these solutions in an efficient manner, without the need for cumbersome paperwork, which helps our customers to stay focussed on what matters to them – running their small businesses.”

Ms Dupont-Brown said Mortgage Choice had reviewed a number of lenders currently playing in this niche market and found Prospa was the leader in the field. “Prospa was a 2016 and 2015 Telstra Business Award finalist and ranked 31st in the world as an innovator in the finance sector – and first in Australia – by KPMG’s FinTech100,” she said. “For these reasons and more, I am confident that Prospa will be a great addition to the Mortgage Choice commercial offering.”

Prospa’s head of sales and business development, Matt Bauld, said the partnership represents an exciting opportunity for both companies.

“At Prospa we work with partners that put customers first. Mortgage Choice shares our values – they care about customers, they’re forward thinking and there’s a strong focus on learning and development for their people,” he said. “Mortgage Choice has built a reputation for incredible customer service through their hundreds of locations, including rural and regional Australia.

“Through this partnership, we’re not only giving Mortgage Choice’s brokers access to small business loans, but the ability to meet the cash flow finance needs of their customer base. We also provide best practice tools and education. “As the market leader in online small business lending, we’ll continue to invest in our partnerships and find smarter ways to improve the way people experience finance.”

About Mortgage Choice

Mortgage Choice is an ASX listed company that seeks to help Australians with all of their financial needs. Established in 1992, Mortgage Choice was originally established to help Australians improve their financial situation by offering a choice of home loan providers, coupled with the expert advice of a mortgage professional. Since that time, the company has grown and developed into a fully fledged financial services provider.

Today, Mortgage Choice helps customers source car loans, personal loans, credit cards, commercial loans, asset finance, deposit bonds, and risk and general insurance. Further, the company offers Australians access to real, relevant and affordable financial advice through our qualified financial advisers.

Mortgage Choice has no balance sheet or funding risk, and consistently delivers strong profits and attractive yields. It listed on the ASX in 2004 (MOC) and is a member of the Mortgage & Finance Association of Australia (MFAA).

Mortgage Choice holds an Australian Credit Licence: no. 382869 and Mortgage Choice Financial Planning Pty Limited holds an Australian Financial Services Licence: no. 422854. Both licences are issued by ASIC.

Recent recognition: 2015, 2014 Australian Broking Awards Best Diversification Program; 2013, 2012, 2011 Australian Broking Awards Major Brokerage of the Year – Franchise; 2013, 2012 Australian Broking Awards Best Ethical/Social Responsibility Program; 2012 Australian Broking Awards Best Training and Education;   No.1 on The Adviser magazine’s 2012, 2011, 2010 and 2009 Top 25 Brokerages list; 2012, 2010, 2009, 2008, 2006 and 2005 MFAA Awards Retail Aggregator/Originator of the Year; 2011, 2010, 2009 and 2008 10 Thousand FEET Top 10 Franchise list; 2010 Forbes Asia-Pacific Best Under A Billion list.

About Prospa

Prospa is Australia’s leading online small business lender and committed to helping small businesses access the funds they need to grow. Using a proprietary technology platform and a fast, simple online application process, Prospa can approve loans and provide funding in as little as 24 hours. Since 2011, this Australian-owned, high growth company has lent over $250 million to thousands of small businesses in Australia.

Prospa is the #1 Smart Company in Australia and was the fastest growing technology company in 2015, and 6th fastest in 2016 in Deloitte’s Tech Fast50. Prospa is a 2016 and 2015 Telstra Business Award finalist and ranked 31st in the world as an innovator in the finance sector – and first in Australia – by KPMG’s FinTech100 in 2016. Prospa has a variety of industry leading strategic partners who share our vision of providing easy access to capital for small businesses wanting to grow.

Prospa holds an Australian Credit Licence: no. 454782 issued by ASIC.


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