AFG: Signs strategic alliance with neobank Volt
- AFG focuses on supporting motivated, high-level performers through member network processes around $4.5 billion of finance every month
- Excited to announce a strategic alliance with Australia’s first neobank, Volt, including a $15 million investment providing a 7.6% shareholding
- The entry into the strategic alliance and investment is expected to complete after satisfaction of a number of conditions
- Once the conditions of the agreement are satisfied, the white label Volt-funded digital mortgage product
- It has a strong history of delivering choice and competition to the Australian market and has more than 70 lenders on its panel
- This alliance allows Securities to harness Volt’s nimble banking solutions to deliver market-leading innovation
