18th June 2019
ebroker, the ground-breaking fintech matching platform that now works with over 70 non-bank lenders, is proud to announce expansion following investment from Tor Capital.
ebroker CEO Simon Isaacs said, “It has been my goal as the founder to expand operations at ebroker to allow the business to grow. We have seen enquiry rates via our website increase over 350% over the last three years.
"Since launching in July 2015, we have achieved 26,400 lending matches. Our data confirms demand for $257 million in unsecured loans and $140 million in asset finance in the past 12 months alone, which underlines the growth and demand in this area of the lending market. The types of business using ebroker has changed dramatically over the past four years; we now see a much wider range and many more established businesses using our platform.
“Now represents a fantastic time to accept capital and additional experience as the marketplace for non-bank and fintech lenders moves to the next level. We are seeing a real problem of SME’s having issues accessing funding being solved by a new wave of thinkers and technology.
“This investment will allow us to make some changes to our platform, add additional resources in staffing to help both our customers and lenders connect. It will also allow investment into our data analysis and provide expertise on all areas of SME finance.”
Tor Capital is headed by Heath Fitzpatrick and backed by the Fitzpatrick family. Heath joins ebroker as COO to oversee this period of expansion.
ebroker’s new COO Heath Fitzpatrick adds, “We are delighted to be given this opportunity to be involved in what we see as the next chapter in finance. While lead generation and brokering is nothing new, what ebroker is doing is truly positive and innovative in providing a transparent and bias-free platform. We are committed to returning the balance of power and choice back to the consumer that for so long has been clouded in an air of mystery.”
- ENDS -
ebroker was established in June 2015 with the first beta rollout in August 2015 hosting 19 non-bank lenders. ebroker is a matching platform that works with all leading fintech lending brands and now hosts more than 70 non-bank lenders. We have established ebroker to be the leader in this growing sector of online business finance brokers. It is designed to aggregate non-bank, small to medium business lenders into a simple platform that replaces the difficult task of searching for the right business loan to fit each business’ specific lending requirements. It’s fast, free, unbiased and transparent. We provide support for both the lender and customer via our client managers who are there to provide any assistance required during the application process. Find out more on our website www.ebroker.com.au