Lendi

About Lendi

Lendi operates as a significant player in Australia's mortgage broking industry, functioning as an online platform that connects borrowers with a wide array of lenders. The company was co-founded in 2013 by David Hyman, along with his partners Sebastian Stevens, Martin Lam, and Mark Kalajzich. The founding team brought together a diverse set of skills, with Hyman having prior experience as a director at the investment banking firm Macquarie Group and a background in law and finance. This collective expertise in finance, technology, and business management provided a strong foundation for disrupting the traditional mortgage lending space.

The firm's primary offering is a digital platform that aims to simplify the process of securing a home loan. It provides customers with direct access to loan options from a panel of over 60 lenders, including major banks and specialist financial institutions. The platform's technology allows users to compare different loan products, calculate their borrowing capacity, and submit applications online. A key aspect of its service is the integration of human expertise, with customers being supported by a dedicated team of home loan specialists who provide guidance throughout the application and settlement process. This hybrid model combines the efficiency of a digital interface with the personalized advice of a traditional broker.

Lendi's business model is based on receiving commissions from lenders for each successful loan settled through its platform. This is a standard practice in the mortgage broking industry and means the service is typically free for the borrower. The company targets a broad spectrum of clients, from first-time homebuyers to individuals looking to refinance their existing mortgages. In a significant strategic move in 2021, Lendi merged with Aussie Home Loans, another major name in the Australian mortgage market. This merger created the Lendi Group, a much larger entity with a substantial market share and a diversified distribution network that includes both online channels and Aussie's extensive franchisee network. The combined group now manages a loan book exceeding $70 billion.