Login
ISCOVER
The non-banker lender has unveiled that it’s AFG’s latest commercial lending panel partner.
Aggregator Australian Finance Group (AFG) has named Oak Capital to its commercial lending panel, according to an announcement made by the non-bank lender earlier this week (15 November).
To continue reading the rest of this article, please log in.
Looking for more benefits? Become a Premium Member.
Create free account to get unlimited news articles and more!
Looking for more benefits? Become a Premium Member.
As per a statement supplied by Oak Capital, the addition of Oak Capital to AFG’s commercial panel is intended to further support AFG’s “mission to continue to grow together with its members”.
Speaking of the partnership, Oak Capital chief executive and founder Stephen Mitchell said it was an “enormous move” for the lender, and that it further diversified AFG’s alternative funding options.
“Having the ability to work closely with one of the largest and most diversified aggregators in the country and its circa 3,000 strong membership is a very exciting proposition and one that we cannot wait to bring to life,” Mr Mitchell later added.
Head of distribution Nick Green said that he believed this confirmation was the “culmination of an extensive amount of work done over a number of months between Oak Capital and AFG”.
“We are extremely excited about this amazing opportunity and cannot wait to get to work with arguably Australia’s number one aggregator in market,” he continued.
“Partnering with AFG further extends Oak’s reach and supports our continued growth strategy leading into 2022.”
AFG head of sales distribution Chris Slater noted: “We are very pleased to welcome Oak Capital to the AFG Commercial panel. Their inclusion further expands our commercial offering to our brokers at a time when small- and medium-sized enterprises (SMEs) are looking for more lender options.
“Oak Capital has shown that there is demand for their products in the third-party market and has impressed us with their market proposition.
“Stephen, Nick and the team at Oak Capital are great operators, and we look forward to working with them. We are confident they will help our brokers find the right solutions for their SME customers.”
The development comes less than one month after self-employed lender RedZed confirmed it had joined AFG’s lender panel.
It also comes less than two weeks after AFG announced that it had launched, in tandem with neobank Volt, its own personal finance app.
[Related: RedZed added to aggregator panel]
JOIN THE DISCUSSION