Financial education first consumer lender Salt & Lime has locked in a new $100 million private credit facility with leading Australian private credit provider iPartners.
The deal will support Salt &Lime’s strong growth in lending through mortgage and finance brokers and direct to consumer channels.
Salt & Lime is a socially responsible consumer finance lender with an education first approach to customers. Salt & Lime provides rate reducing loans to customers as they complete financial education modules on topics ranging from household budgeting to how lending works.
iPartners is Australia’s leading private credit provider with a bespoke technology platform forinvestors to review and assess and invest in alternative assets.
Salt & Lime CEO and Co-Founder, Will Kiln says the new private credit facility is an endorsement of Salt & Lime’s unique business model.
“This new private credit facility will support future growth and deliver the Salt & Lime loan experience and education to more Australians.
”Salt & Lime offers reducing interest incentives for customers to complete financial learning modules.
More than 80% of Salt & Lime customers access rate reducing loans by completing financial education learning modules.
“Our socially responsible business model is working, and customers and brokers are responding positively."
Mr Kiln says Salt & Lime is proud to extend its partnership with iPartners which has a successful track record in supporting innovative businesses.
”In line with this, Travis Miller, CEO and Co-Founder of iPartners Group, commended Salt & Lime's adherence to socially responsible lending practices, noting the significant role it plays in the financial well-being of Australians.
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About Salt & Lime
Salt & Lime is an education first socially responsible lender, focused on the financial wellbeing of our customers. Our aim is to support, educate, and empower everyday Australians to take control
of their finances.
Visit https://www.saltandlime.com.au/ for more information.
About iPartners
iPartners specialises in capital structuring across a diverse range of asset classes. With a robust
platform that emphasises transparency and ease of use, we facilitate sophisticated investment
solutions that cater to high-net-worth individuals, family offices, and financial advisors. Providing
essential funding pathways for capital raisers who seek debt, equity, or hybrid capital solutions,
iPartners is pivotal in bridging the gap between traditional funding sources and modern financial
demands, ensuring a comprehensive and streamlined investment experience. Through our
strategic initiatives and expert management, we continue to expand our influence and
capabilities within Australia and beyond, affirming our commitment to redefining industry
standards and maximising investor value.
Visit https://ipartners.iplatforms.com.au/ for more information.
Salt and Lime Funding Pty Ltd - ACN: 619 820 833 - Australian Credit Licence: 501633
Salt & Lime distributes the majority of its loans through brokers and is on the lending panel of
Australia’s leading aggregation groups including Connective Asset Finance, COG Financial,
Finsure, Purple Circle and Fintelligence. Salt & Lime also offer loans direct to customers.
For further inquiries, please contact:
David Breen, DB Media Group - 0412 933 060 [email protected]