Media release
Salt & Lime and iPartners Strike a $100 Million Private Credit Facility Deal to Champion Consumer Lending Growth
Date: 23/05/2024
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 for investors to review and assess and invest in alternative assets.
Salt & Lime CEO and Co-Founder, Wil 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 Miler, 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 wellbeing of Australians.
"Salt & Lime exemplifies the essence of social responsibility in the lending domain, affirming the critical importance of financial education in achieving holistic well-being. We are proud to support Salt & Lime's endeavours, as they align seamlessly with our commitment to invest in innovative businesses that not only promise attractive returns but also contribute positively to society." affirmed Miler.
Salt & Lime offers transparent and fee free loans to customers to consolidate debt, buy a car and improve their financial well-being.
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 Finteligence. Salt & Lime also offer loans direct to customers.
For further inquiries, please contact: - David Breen, DB Media Group - david@dbmediagroup.com.au
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.
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