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The aggregator has announced two new milestones as it looks to expand its operations overseas.
Aggregator Finsure Group has announced that its loan book has grown to $100 billion, while simultaneously announcing that it has reached another “all-time record” settlement month in August of $4.16 billion.
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Theses milestones come as the aggregator looks to expand its aggregation business further nationwide and overseas after its launch in New Zealand.
Based in Auckland, the aggregator established Finsure NZ in July as its initial international venture, headed up by country manager Jenny Campbell.
Finsure chief executive Simon Bednar stated that the aggregator’s loan book had “almost doubled in size” over the last two years, a period of time that included the challenges of the COVID-19 pandemic.
“Given Finsure has only existed for just over a decade, this is an astonishing result,” Mr Bednar stated.
“Other aggregation businesses have taken decades to achieve a loan book of this size. Considering our relatively brief history, reaching $100 billion in 12 years is simply amazing.
“This accomplishment is a credit to all of Finsure’s management team and staff and the service they provide as well as the loyalty of our highly valued brokers, who are currently joining our network at a rate of 550 per year.”
Mr Bednar credited the aggregator’s partnership with its parent company MA Financial Group to its acceleration in growth and opportunities for brokers over the past two years.
“More than a million loan applications have been created through our systems, while more than 400,000 customers have been serviced with a loan through Finsure brokers, and more than $1.5 billion paid to brokers and referrers during the group’s history,” he added.
In addition, Mr Bednar commented that the group is looking to continue to expand into more overseas markets and provide its brokers with opportunities to expand and explore into those markets.
“We are looking to expand overseas too and become the first truly global premium aggregator offering multi award-winning marketing, technology and business support services,” he said.
Finsure brokers offered bonus
This news follows Finsure announcing that its accredited brokers will be presented with the opportunity to refer high-net-worth clients, with at least $1 million in liquid assets, to MA Financial Group’s asset management division as an investment vehicle.
The initiative was announced during an event hosted by MA Financial with 50 Finsure brokers and plans to roll out the referral avenue to brokers nationwide, Mr Bednar said.
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