Here's a quick interview with Moula Partner Ben Day from Centrepoint Finance about how he has used Moula to help his clients.
What's your professional background?
I have been involved in the equipment finance industry since 2007, having held various credit roles with BOQ Equipment Finance before becoming a broker with Centrepoint Finance in 2011. I’m lucky to have a diverse range of clients covering most industries.
Can you tell us about your experience using Moula?
Once you understand the process, it’s easy and efficient. I appreciate being able to directly refer clients for smaller or less complicated transactions whilst retaining the ability to be the intermediary for larger, more complex deals.
What kind of clients have been a good fit for Moula?
So far, I have had clients in varied industries – such as retail trade, transport and recycling – use Moula to achieve their goals.
Why would you choose Moula over another lender?
There are two main reasons – transparent pricing and no early termination penalties.
How has Moula impacted your business as a whole?
Moula has provided another way to assist our clients to meet their goals. Offering these additional services can help “keep a fence” around your clients, reducing the reasons for them to talk with another broker or finance provider.
What advice would you have for brokers looking to start using fintech lenders?
Understand the product and assessment process of the lender. These can differ from the traditional profit and loss and balance sheet assessments you and your clients may be used to. I would recommend taking any training courses fintechs offer about their products. The more information you have upfront, the easier it is to guide your client through the process.