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This article was written when Bridgit was known as TechLend, we rebranded in early 2022 to Bridgit.
We are proud to share our recent success of securing an additional $50 million in funding from Silicon Valley-based fund Partners for Growth (PFG). Our goal is to revolutionise the way homeowners buy and sell property, and PFG recognises the opportunity that exists in bringing a customer-centric, and technology-led mindset to redefine what it means to secure property financing.
This week, the Australian Financial Review released an article announcing our latest investment from PFG, with the managing director, Jason Georgatos stating,
“We’re pleased to partner with TechLend on this latest funding round, which provides funding to allow the company to continue its rapid growth, in what is a near-untapped area of the Australian lending market. Techlend’s vision fits well with PFG’s strategy of backing global fintech disruptors.”
We are excited to work with such a highly regarded and successful team that understands the problem we are trying to solve and the opportunity we have in solving it. The additional $50Million in funding is vital for the future growth and development of TechLend, allowing us to compete with traditional lenders by leveraging the power of technology and challenging the status quo every step of the way.
Use this space to follow us on our journey of providing Australians with faster, fairer, and more simple property finance solutions.
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Australian fintech Bridgit has set its sights on transforming bridging loans, offering speed through technology where others have exited the niche asset class.
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At Bridgit, we’re dedicated to helping our brokers and their clients navigate property transactions smoothly. Meet Arthur, a recent Bridgit customer who wanted to move from the Melbourne city to the countryside. Read more about how we made this Aussie homeowner’s dream move possible.
In the fast-paced world of real estate, timing can make all the difference. For one homeowner, navigating the usually lengthy process of securing a loan meant risking the loss of her dream home. Read more about how we helped this homeowner secure her next home to better suit her lifestyle - “I can clean this place in like half an hour!”
