Australian Finance Group (AFG) – acquisition of Fintelligence
Miles Advisory Partners advised the shareholders of Fintelligence on the sale of the business to AFG.
Transaction Details
Sector
Business Services
Miles Role
Sell-side advisor to the shareholders of Fintelligence
Deal Type
Mergers & Acquisitions
Year Completed
2023
Contacts for this Transaction
Lloyd Way
Managing Director
David Leung
Vice President
Overview
- Fintelligence is a specialist asset finance aggregator built for brokers, with the goal of simplifying the asset finance journey
- Fintelligence’s business model is centred around a proprietary, purpose-built platform, Ambition Cloud
- The strategic transaction allowed AFG to cross-sell services and boost its ability to manufacture its loan products through a leading technology-driven platform
Industry Context
The transaction reflects the continued consolidation of the mortgage and finance aggregator sector, driven by the need for scale to command improved commission rates from lenders. The industry has evolved from traditional loan processing into a fully integrated digital fintech environment - of which Fintelligence is a compelling example
Further information on this transaction is available at: AFG Press Release
