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FundsConnect allows brokers to build and manage private credit applications through a single workflow, with transactions matched to lenders based on criteria including loan size, security, sector, and loan term.
The platform was founded by Nathan and Samuel Testa and is designed to address the process of navigating different lender criteria, application processes, and credit requirements across non-bank and private lending.
Testa said FundsConnect was built around the way brokers manage transactions rather than requiring them to adapt to multiple lender processes.
“Most brokers who write private credit have built strong relationships with a handful of lenders. That works well until a deal falls outside those relationships, and the broker can spend significant time working out where the deal fits,” Testa said.
“FundsConnect gives brokers a structured way to prepare their transactions, have them matched to suitable lenders and manage them from one place.”
Brokers submit information about the borrower, loan requirements, security, financial position, and supporting documentation through the platform.
FundsConnect said it then packages the information into a structured credit submission containing a credit summary, borrower profile, security details, and deal rationale.
Transactions are matched against lender criteria including loan size, security, sector, and loan term, with submissions directed to a single suitable lender rather than distributed across multiple lenders simultaneously.
Brokers can also track transactions through the platform from submission through to settlement.
Testa said brokers had reported spending significant time approaching different lenders and waiting to establish whether transactions fitted their appetite.
“Brokers told us they were spending too much time sending the same deal to different lenders and waiting to find out whether it fitted their appetite,” he said.
“The aim is to make that process more structured – so brokers can spend less time chasing lenders and more time working with their clients.”
FundsConnect also incorporates identity verification, fee and commission disclosure, and an audit trail into the transaction workflow.
The company said commission arrangements are disclosed upfront, with its fee earned when a transaction settles.
The launch comes as brokers expand further into commercial lending, with the Mortgage and Finance Association of Australia’s Industry Intelligence Service reporting continued growth in commercial lending through the broker channel.
Testa said the growth in available capital and broker participation highlighted the need for more efficient origination processes.
“There is no shortage of capital or brokers looking to access it. The challenge is connecting the two efficiently,” he said.
“FundsConnect is designed to provide that structure – giving brokers a more efficient way to build, structure, enhance and manage transactions.”
FundsConnect is now available to brokers across Australia.
[Related: AI adoption is surging, but are lenders’ data systems ready?]
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