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

Jordan Mutton, General Manager of AFX, attributed the platform's success to its ability to link brokers and asset finance specialists effectively. He noted that AFX serves not only as a referral solution but also as a means for mortgage brokers to assess the viability of incorporating asset finance into their service offerings, either by collaborating with specialists or by upskilling to handle asset finance themselves.

Since its launch in October 2024, AFX has settled over 1,800 deals, with an average deal size of approximately $45,000. Notably, more than 50% of brokers are active referrers, and around 75% have submitted multiple referrals over the past year, indicating strong engagement and satisfaction with the platform.

The growth of AFX underscores a broader trend in Australia's asset finance market, which is increasingly becoming a vital component of small business expansion and property development. By leveraging asset finance, businesses can access capital tied up in their assets, enabling growth without straining existing cash flows.

For truck buyers and fleet operators, this development highlights the expanding avenues for financing options. Engaging with platforms like AFX can provide access to a network of specialists who understand the unique needs of the transport industry, offering tailored solutions that align with business objectives.

As the asset finance landscape continues to evolve, staying informed about such platforms and the opportunities they present can empower businesses to make strategic financing decisions that support long-term growth and stability.