iscover
The non-bank lender released its financial results for the first-half of 2025. In this period, its total assets under management reached a record $20.1 billion.
Originations are up 38 per cent from June 2024. There was a total of $4.5 billion in originations, comprised of $2.8 billion in mortgages and $1.7 billion in asset finance.
Speaking with Broker Daily, Pepper Money CEO Mario Rehayem attributed much of the success to digital investment.
He said Pepper Money is known for its technology and this continues to be a top priority.
The latest launch at the lender was the AltDoc Xpress solution, which reduces the need for borrower paperwork through a streamlined digital process.
This allows brokers, customers and accountants to provide and verify documentation with a single platform, with a one-time password verification at each stage to promote data security and compliance.
Rehayem said this was “phase one” of a tech rollout that will continue over the next six months. He placed emphasis on filling gaps in the market and leveraging automation to drive innovation.
Broker relationships and communication were also recognised as key factors in the strong growth.
Transparency with brokers is helping to remove hurdles in the loan process. This is helping to improve the “probability to yes” and “delivering the highest conversion in the industry of all non-banks,” Rehayem said.
Novated leasing dominates
Novated leasing continues to dominate asset finance originations, making up nearly half (49 per cent) of all asset finance loans. Nearly a quarter (24 per cent) were commercial loans and 27 per cent were consumer loans.
Rehayem said novated leasing has “had a great run” in the last few years and the lender is leveraging the growing popularity to drive results.
Pepper Money is continuing to invest in novated leasing by providing solutions that attract both brokers and consumers.
This includes a first to market API integrated application process so introducers don’t have to leave their own system.
“They’ve never even seen what our system looks like. They work off their own system. We’re integrated into that. So, for them, it’s seamless, frictionless and they’ve got confidence in the outcome in mind,” Rehayem said.
Of the asset finance loans, 17 per cent came via commercial brokers, 13 per cent via auto brokers, 11 per cent via mortgage brokers, and 9 per cent via dealers.
A total $33.3 million in broker commissions were paid in the six months to June 2025.
[Related: Westpac, Pepper introduce self-employed changes]
