Mayfair 101's investment in Australian Business Credit closing niche credit gaps
Updated: Nov 29, 2019
Mayfair 101 Managing Director James Mawhinney and Australian Business Credit General Manager Surinder Agnihotri speak to Proactive Investors about their deal completed late last year. The dollar amount of the transaction has not been revealed, but it is being described as "substantial."
Mayfair 101 is an international boutique investment company that operates a fund in Australia called IPO Wealth. It specialises in M12 Maximiser products, an investment category it is looking to offer around the world with the imminent launch of 'M12 Global.' Mayfair 101 makes strategic investments in companies from various sectors when it sees an opportunity to close the global SME credit gap.
Agnihotri explains, "Australian Business Credit is a company that lends to Australian businesses on annuity stream income. What I mean by that is, there's a whole industry out there of mortgage brokers, financial planners, insurance brokers, that receive an ongoing income every year that is an asset that they can sell, but they actually can't lend against it. So we're planning to fill that gap.. We've got pent up demand of in excess of a billion dollars over the coming two to three years."