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Aussie – part of Lendi Group – has expanded its asset finance offering by rolling out a white label, self-service offering for its clients.
Building on Aussie’s existing asset finance options, including Platform Finance and Aussie Auto powered by Pepper, the major brokerage has now partnered up with fintech company and asset finance brokerage LoanOptions.ai to enable its network of around 1,350 brokers to refer customers to a white labelled digital application.
Powered by LoanOptions.ai, the platform enables users to apply for asset finance (such as car loans, machinery, and tools), as well as working capital and personal finance (business finance, debt consolidation, etc).
The platform is supported by a panel of more than 90 lenders and uses information about each customer’s profile to identify suitable lending options.
Customers also have access to a dedicated LoanOptions.ai specialist, who will keep the referring broker informed from application through to settlement.
LoanOptions.ai’s proprietary loan-matching widget, AILO, has been directly integrated into the Lendi Group platform as part of the partnership.
AILO reportedly uses advanced machine learning and neural network models to predict the likelihood of loan approval across its lender panel and help borrowers complete a loan application after uploading a driver’s licence, providing a payslip or business details, and securely linking their bank account.
From there, LoanOptions.ai’s Autocomplete Contextual Engine (ACE) automatically verifies data and pre-fills up to 80 per cent of the application.
AILO then displays the exact rates and fees the borrower is eligible for based on the information provided.
The partnership aims to help Aussie brokers serve more customer needs, retain more business within the network, and provide brokers with a faster revenue opportunity.
Lendi Group’s chief product officer Travis Tyler said the partnership would give Aussie brokers greater flexibility to support customers beyond the home loan.
“Broker businesses are built on trust and long-term relationships, and those relationships shouldn’t stop once the home loan settles,” Tyler said.
“Customers are already purchasing cars, utes, equipment, fitouts and technology, or looking for finance for renovations and other major needs. The opportunity for brokers is to remain part of those conversations rather than seeing that business go elsewhere.
“LoanOptions.ai gives our network even more choice in asset finance and can create more value from relationships brokers have already worked hard to build. It gives them more reasons to stay in touch, support customers through different financial moments and build a more diversified revenue base.
“For customers, it means being able to start with a broker they already know and trust, while receiving specialist support throughout the asset finance process.”
LoanOptions.ai CEO and founder Julian Fayad added that the partnership would make it easier for Aussie brokers to extend their service into asset finance without needing to build specialist capability within their own businesses.
“We are incredibly proud to partner with Lendi Group, a business that shares our deep commitment to removing friction from the Australian lending landscape. This collaboration represents the perfect intersection of sophisticated, AI-native technology and elite human service. By building the infrastructure for the broader broking channel, we are enabling mortgage brokers to effortlessly diversify their revenue streams while ensuring their clients receive an unmatched, transparent asset finance experience,” Fayad said.
“Mortgage brokers are often the first people customers call when they are making a major financial decision, but asset finance has traditionally been difficult to service without the right technology, lender access and specialist support.
“Our role is to make that referral simple and transparent. The technology helps identify suitable options across a broad lender panel, while a dedicated specialist manages the process and keeps both the customer and the referring broker updated.
“This approach allows brokers to diversify their businesses without compromising the experience their customers expect.
“We are proud to partner with Aussie and join its existing asset finance options. Together, we can help more brokers support the broader financial needs of their customers and retain those relationships over the long term.”
The Aussie partnership is the second aggregator partnership formed by LoanOptions.ai this year. In May, it announced it had integrated its loan-matching technology into the asset finance arm of Viking aggregation, Viking Asset.
The fintech and asset finance brokerage has been expanding its footprint across the Australian broker and fintech ecosystem through a series of strategic partnerships and acquisitions. It recently completed its first merger, acquiring a Sydney-based equipment finance brokerage, signalling a push to deepen its capabilities in asset finance.
It also entered into a strategic alliance with workflow and CRM platform Lend, with the companies confirming that Lend will integrate LoanOptions.ai’s full product suite across its broker network.
In parallel, LoanOptions.ai also recently partnered with open banking provider Wych to integrate Consumer Data Right (CDR) data into its lending solutions.
[Related: Viking Asset integrates LoanOptions.ai loan matching tech]
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