FundsConnect Private Credit Platform Launches Across Australia
Synopsis
FundsConnect has launched a private credit origination platform across Australia, connecting brokers and introducers with more than 20 lenders through a digital process covering applications, submissions and settlement.
FundsConnect has launched a private credit platform in Australia, offering a platform that will connect brokers, introducers and private credit lenders to streamline transactions from application to settlement.
The launch comes after two years of development, testing and feedback from brokers, introducers and lenders. Finance experts also participated in a closed beta that saw them perform transactions and settle the trades before the platform was available across the country.
The private credit platform is launched with a panel of over 20 private credit lenders and a team of 6.
Private credit market grows as lending process remains fragmented
The launch follows the shift of Australia's private credit market from a niche source of finance to a growing sector.
The Australian Private Debt Market Overview, released by EY-Parthenon in March, estimated the value of private debt assets managed in the country stood at A$234.5 billion in 2025.
Private credit is now a mainstream funding source, EY-Parthenon also observed, adding that there has been more restructuring activity in areas such as construction, hospitality, and retail.
The number does not indicate the amount of credit outstanding, but rather assets under management. The Reserve Bank of Australia has estimated that by December 2025 private credit in Australia would be approximately A$50 billion in terms of credit outstanding, and an estimate of A$224 billion AUM due to Alvarez & Marsal.
This is a fairly small market on the global stage compared to North America and Europe. Recent Preqin data reported by Reuters indicated that about 4% of the private credit was in APAC, with APAC-focused funds raising US$2.7 billion, while North America-focused funds raised more than US$10 billion and Europe-focused funds raised US$9.9 billion during the first quarter of 2026.
With this in mind, the FundsConnect private credit platform targets a process that the company states still heavily relies on individual lender relationships, spreadsheets, email, and separate lender portal.
Brokers can build borrower profiles, add loan and security data, upload supporting documents, and compare lender parameters and submit transactions via the platform. Applications can then be tracked through lender engagement, outstanding information and settlement.
The submissions for lenders are based on the borrower, funding requirement, security, financial position, and supporting documents. Brokers usually get indicative terms within 24 to 72 hours of the submission being complete.
Founders outline platform's next stage
FundsConnect co-founder and CEO Nathan Testa said the platform was built to deal with the constraints brokers may encounter when they sell deals via a limited number of lender relationships.
“Most of the private credit brokers in the industry are doing it through a small number of lenders and that works until they go outside of it, and that's what we built FundsConnect to handle. It allows a broker to get it right the first time, and know the moment it has a home in it to move on to the next deal,” Nathan added.
The platform came out to give a uniform process from brokers to lenders, co-founder Samuel Testa said.
"The capital is there and the brokers and introducers are there. What has been missing is a repeatable process in the middle. Lenders on our panel see deals that fit their mandate and arrive ready to assess, which is better for everyone in the transaction," he asserted.
The platform is free for any brokers and introducers and the company only receives a fee when the transaction settles.
The next steps of development for FundsConnect will include the expansion of corporate finance, such as acquisition finance, cash-flow lending, receivables finance, special situations and lending to lenders.
The company will also consider some API integration to get borrower data from source systems and additional government and semi-government department integrations.
It is bringing the private credit platform to Australia, with open registrations for brokers and introducers.
Source: FundsConnect's official announcement
Pooja Malik is a business journalist with over six years of experience covering startups, entrepreneurship, and emerging trends. She has previously worked with leading media platforms such as YourStory Media and BW BusinessWorld, where she reported on business, policy, and market developments. Currently, she serves as Editor at The Inspirepreneur Magazine, where she writes and edits stories across business, lifestyle, and travel, with a focus on clarity, accuracy, and reader relevance.
