We’re pleased to announce that we have acquired a 75 percent stake in leading asset finance aggregator, Fintelligence.
This acquisition represents a significant opportunity to build a fast-growing, technology-enabled asset finance aggregation business of scale. It will drive growth in AFG’s asset finance volumes, market share for the combined group, and more lender and product opportunities for brokers and their customers. In addition, the acquisition allows AFG to increase the availability of white label and securitised asset finance products to meet customer needs.
This transaction will further increase our footprint in the Australian asset finance market and enhance competition amongst major and non-major lenders.
Fintelligence will continue as a powerful brand in the marketplace. There is a strong cultural alignment with the Fintelligence team and AFG, and their well-respected management team will remain in the business and ensure a continued focus on delivering value to brokers and their customers.
Co-founder Richard Burgess and Greg Bellchambers Head of Digital at Fintelligence, commented: “The partnership with AFG will enable Fintelligence to create additional value for our partners through the development of a new white label loan product and a continued focus on technology to improve broker efficiencies through our existing technology platform, Ambition Cloud”.
Darren Rumble, Fintelligence Head of Partnerships said: “This represents a great opportunity to become the leading aggregator partner across all sectors allowing AFG and Fintelligence clients to maximise their customers’ choices through product, service, innovation and industry leading technology. It’s going to be an exciting 2022 and beyond”.
You can read the full details here.
