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Network Finance has been arranging loans across Australia since 1995 and is accredited with all major banks and a range of specialist lenders.
AFG said the minority acquisition forms part of its strategy to partner with brokers beyond the residential lending market.
The move follows AFG’s 2024 announcement that it would expand by investing in brokerages using cash reserves.
It is the fourth investment under AFG’s Broker Investment Program, alongside Melbourne’s Empower Wealth Group, Perth’s Lifespan Mortgage Services, and Sydney’s Loan Path Finance.
Network Finance was named AFG’s Asset Finance Broker of the Year in 2024.
AFG CEO David Bailey said the investment would help scale Network Finance’s footprint in both residential and commercial sectors.
“The four investments to date, including Network Finance, marks just the beginning of our program. Our ambition is to invest in 35 high-calibre groups by 2029,” he said.
Craig Titmus, managing director of Network Finance, said the partnership would support continued growth.
“We’ve earned our reputation in asset finance, but leveraging off our loyal customer base we see enormous potential in residential and commercial lending. Partnering with AFG, an ASX-listed company, gives us access to the capital and expertise needed to unlock that growth,” Titmus said.
“With AFG’s backing, we’re positioned to scale rapidly while continuing to deliver the personalised service our customers value.”