Molo Finance Forms Strategic Partnership with Australian Lender ColCap Financial

Molo Finance, the UK's first fully digital mortgage lending platform, is announcing the strategic partnership with ColCap Financial (ColCap), a leading Australian mortgage lender that is partnering with Molo to expand into the UK.

The partnership includes a broader strategic alliance between the two lenders that will allow ColCap to expand into the UK market as the first step of their international strategy, following several years of successful growth in Australia. 

Speaking about the partnership Francesca Carlesi, CEO and Co-Founder of Molo, said: "We are delighted to be partnering with ColCap, who understands our strategy and tech-led proposition. They are recognised as one of the leading distributors in the mortgage industry in Australia with more than 16 years experience and with a track record of delivering innovative competitive products to customers. This partnership will integrate ColCap's product innovation with Molo's innovative tech platform, and strengthen our offering further as we work to relaunch back into the market".

Andrew Chepul, CEO of ColCap, added: "We are excited to move into the UK and to deliver new lending products in the marketplace, as we have done in Australia. Our partnership with Molo fits perfectly within our strategic plan. We believe our shared values, synergies, and combined strengths will enable accelerated growth for both businesses".

​Source: Fintech Finance