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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.
Here’s how our BDM, Jolene Farrow, helped Shaun Jones, Senior Mortgage Broker at Mason Finance Group secure a loan for his client, a downsizer looking for a quick settlement when a traditional lender let her down after her auction win.
Bridgit has won the Finder Award for Best Lending Innovation for 2022! We’re thrilled to be recognised as the Most Innovative Lender for our tech-first lending solution.
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Bridgit, your new bridging loan specialist. Who are we? Bridgit launched last year as a new non-bank lender specialising in bridging loans after we noticed a need in the market not being met by traditional lenders. Our aim? To revolutionise bridging loans through state-of-the-art technology allowing Australians to purchase their next home quickly and with little fuss.
