Lender poised for continued growth in areas like electric vehicle financing and novated leasing
Asset finance lender Pepper Money is celebrating its 10-year anniversary, marking a decade of expansion and innovation in the asset finance sector.
Since its launch in 2014, the non-bank lender has become one of Australia’s largest asset finance providers, with $16 billion in loan originations and more than 400,000 customers and small businesses served.
“Our achievements despite a challenging economic decade are nothing short of remarkable,” said Ken Spellacy (pictured above right), general manager of asset finance at Pepper Money. “From the early days, the Pepper Money ‘can do’ spirit was already alive, driving us to push boundaries and do things differently.
“The driving force behind our own success has been our focus on driving the success of our customers and partners alike. By listening to feedback and developing tech solutions to make doing business easy, we have set new experience standards in our industry.
“Our technology stack, combined with the latest API technology, ensures an optimal experience for both introducers and customers.”
Since its establishment, Pepper Money – recently awarded Non-Bank of the Year – has originated $16 billion of loans and helped over 400,000 people and small businesses finance their vehicles and equipment.
The lender has also accredited thousands of brokers and dealers, built its origination platform Solana, and introduced real-time payments. Pepper Money has aslo been a leader in electric vehicle financing, becoming the first lender to join the Electric Vehicle Council of Australia.
Pepper Money hosted a celebration at the Sydney Opera House on 22 October, welcoming over 100 guests, including brokers, funders, and business partners.
Spellacy emphasised the importance of strategic partnerships in the company’s success, thanking their partners, funders, introducers, and brokers for their support and collaboration over the past 10 years.
“Together, we have pushed boundaries, embraced innovation, and built a legacy we can all be proud of,” Spellacy said.
“As we look to the future, we are excited about the possibilities that lie ahead. With your continued support, we are confident that we will reach even greater heights, navigating new challenges and seizing new opportunities.”
Mario Rehayem (pictured above left and below), chief executive of Pepper Money, also spoke at the event, recognising the contributions of the company’s team and partners.
“I want to extend my heartfelt congratulations and gratitude to everyone that has been a part of our Pepper Money Asset Finance business, including our team, valued partners, brokers, introducers, funders, and shareholders, for contributing to our remarkable success story,” Rehayem said.
“We are excited for what’s next. With the momentum we’ve built, the next decade will be about continuing to innovate and providing even greater value to our partners and customers. Together, we’ll navigate new challenges, seize opportunities, and continue to grow.”
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