Non-bank lender Bridgit joins leading aggregator Loan Market’s lender panel 

Australian fintech news and information

Aaron Bassin

Following its launch in mid-2021 by co-founders and mortgage broker Nick Jacobs and capital markets specialist Aaron Bassin, Bridgit is continuing to expand its broker offering by providing them with the resources, tools and innovative technology to simplify and streamline the bridging process. To date, Bridgit has processed more than $1 billion in loan applications and financed over $250 million in Australian residential property.

The new partnership brings Loan Market Australia’s panel to a total of 65 lenders, and fills the gap for brokers to provide clients with a revolutionary bridging loan solution. Bridgit offers a simple online loan application, 24-hour approval and three-month interest-free period.

Bridgit CEO and cofounder, Aaron Bassin, says: “By partnering with one of the biggest aggregators in the space, who are aligned in our mission to use innovative technology to drive better solutions, we aim to help more Australians access better property finance. 

“Our focus is always on putting the customer first and Loan Market shares the same value. We look forward to not only working with Loan Market, but also their high-quality network of brokers.”

Loan Market Managing Director Andrea McNaughton says: “Our brokers recognise the quality of our lender panel which delivers both more choice and targeted solutions for their customers’ individual needs.

“Bridgit adds to our extensive offering as demand for quick and convenient bridging finance solution grows in the marketplace”.  

Bridgit Head of Distribution Stephen Doyle, says: “We’re excited to grow our broker offering and network, and provide more homeowners with a fast solution so they can secure their next home before selling their existing property.

“We recognise the significant role brokers play in guiding and supporting homeowners through the lending process. Too often, Australians pay the price and miss out on their next property due to traditionally slow and manual finance processes.”

Loan Market was recently named Major Aggregator of the Year at the 2022 Australian Broking Awards.