Rapid Lending Group positioned for growth and new investment
Private Australian non-bank lender, Rapid Lending Group, looks to the future with a securitisation warehouse model paving the way for new funding opportunities.
Following a funding injection of $70 million by Dinimus Credit Fund (DCF), Partners for Growth (PFG) and others in 2020, Rapid Lending Group has established a structured securitisation warehouse model to fund its future lending activities and ensure long term viability.
The warehouse model validates Rapid Lending Group as a secure and trusted investment, and creates new opportunities for astute investors to express interest in joining the fintech innovator’s warehouse structure at the senior and mezzanine levels.
Rapid Lending Group CEO, Russell Birse, alongside Directors Ryan Donnar and Adam Howell, said the Group firmly believes in staying ahead of the curve and constantly positioning for growth through its fintech origination platform and robust funding structure.
“The warehouse structure puts Rapid Lending Group in a secure position to further expand its offering now and into the future to support Australians who want to invest and borrow but aren’t currently served in a more traditional market during these uncertain times,” Russell said.
“The structure provides a known-risk model for investors, based on a structured set of rules and designed to ensure sustainability and confidence in meeting funding requirements as the company grows,” said Director, Ryan Donnar.
“This allows a personalised approach with lower risk levels for partner businesses, which really brings confidence and stability to the investment and in turn enables Rapid Lending Group to remain agile and innovate quickly,” added Ryan.
Looking to 2022, Rapid Lending Group’s sustainable warehouse funding structure combined with an in-house proprietary loan management software, supports the company’s long term vision to responsibly revolutionise the lending industry into the future.
Rapid Lending Group lends to personal and business customers through Rapid Loans, offering finance for cars, personal loans and to small businesses. The company has written loans across Australia and New Zealand during the past two decades.
