LMG's Asset Finance Exchange Hits $80 Million Milestone in First Year

The AFX platform connects mortgage brokers with asset finance specialists, facilitating a streamlined process for businesses seeking financing for assets such as vehicles and equipment. Since its launch in October 2024, the platform has settled over 1,800 deals, with an average deal size of about $45,000. Notably, more than 50% of brokers are active referrers, and approximately 75% have submitted multiple referrals over the past year.

Jordan Mutton, General Manager of Asset Finance Exchange, attributes this success to the platform's ability to act as an extension of the referring brokerage's business, providing a viable solution for brokers at various stages of their asset finance journey. The platform's design allows for both referral solutions and the potential for brokers to bring asset finance in-house, either through specialist asset finance brokers or by upskilling to write asset finance themselves.

This growth reflects a broader momentum in Australia's asset finance market, where businesses are increasingly leveraging asset finance to raise capital. The success of platforms like AFX indicates a robust appetite for innovative financial solutions that cater to the diverse needs of Australian SMEs.

.