Bridgit tops $1.7B in funding as Macquarie expands debt facility
What's the deal? Australian fintech Bridgit has secured an expanded debt facility from Macquarie BankDealroom has a profile for this one. Try Dealroom →'s Commodities and Global Markets Group, pushing its total funding past $1.7 billion. Investors backing that figure include Citi and now MacquarieDealroom has a profile for this one. Try Dealroom →.
What does Bridgit do? Now in its fifth year, the lender lets homeowners unlock home equity of up to $10 million in minutes, with loan-to-value ratios of up to 85%. It has supported more than $8 billion in property transactions across over 10,000 Australian homes.
Why now? Bridgit is riding demand for what it calls "Buy Now, Sell Later" — homeowners buying their next property before selling the current one. In Q4 FY26, it backed 2% of Australian owner-occupier purchases, excluding first home buyers.
Loan submissions grew 28% quarter-on-quarter from Q4 FY26 to Q1 FY27, despite a slowdown in the property market. Lending rose 168% year-on-year between FY25 and FY26.
What's the endgame? Bridgit has invested over $15 million in its AI-enabled platform, ATLAS, which automates loan decisions from application to settlement. Its decisioning engine, ADAM, has cut approval times to as little as 120 seconds, against the days typical of manual underwriting.
Founder and chief executive officer Aaron Bassin framed the bigger ambition. "Property is Australia's largest asset class with over $9 trillion trapped in home equity," he said. "At Bridgit, we're building the finance ecosystem to match."
Bassin added that the company aims to reach "the scale, profitability and governance to access public markets over time," and to become "Australia's next fintech unicorn."
What Macquarie says: "We're pleased to increase this funding facility to Bridgit as it continues to meet growing demand for Australian homeowners," said Alhad Bhalerao, division director at Macquarie.
The signal: Bridgit has reported zero losses to date, a claim it ties to the strength of its technology. As it trademarks "Buy Now, Sell Later" and signs aggregators like Australian Finance GroupDealroom has a profile for this one. Try Dealroom →, the deeper funding line signals lenders are betting that equity release can scale even as property markets cool.
Read more: australianfintech.com.au
