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

Launched in October 2024, the AFX platform connects mortgage brokers with asset finance specialists, facilitating access to a diverse range of financing options. Over the past year, the platform has settled more than 1,800 deals, with an average transaction size of around $45,000. Notably, over 50% of brokers have actively referred clients through the platform, and approximately 75% have submitted multiple referrals, indicating strong engagement and satisfaction with the service.

Jordan Mutton, General Manager of Asset Finance Exchange, attributes this success to the platform's ability to seamlessly integrate asset finance into brokers' existing services. He highlights that the AFX not only serves as a referral solution but also enables brokers to assess the viability of incorporating asset finance into their offerings, either by collaborating with specialists or by developing in-house capabilities.

The growth of the AFX aligns with a broader trend in Australia's financial landscape, where asset finance is playing an increasingly vital role in supporting SME growth. By leveraging the value of their balance sheets, businesses can secure funding for equipment, vehicles, and other essential assets, thereby enhancing their operational capacity and competitiveness.

For SMEs, the success of platforms like the AFX signifies greater access to flexible and tailored financing solutions. This development empowers businesses to make strategic investments in assets that drive growth, while also providing brokers with new avenues to support their clients' evolving financial needs.