Media & Industry News

Finsure Acquires Competitor Aggregator

Retail finance brokerage Finsure has acquired mortgage aggregator LoanKit from ASX-listed Mortgage Choice to position Finsure Group among the top 10 brokerages nationwide.

Finsure Managing Director John Kolenda said the acquisition of LoanKit for an undisclosed sum provided Finsure with both the broker numbers and market strategy to now easily break into the top five brokerages within five years.

Mr Kolenda said the combined scale of Finsure and LoanKit boosted broker numbers to more than 500, with a loan book of almost $4 billion.

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