24. LoanOptions.ai
LoanOptions.ai is Australia’s first ever AI-powered loan comparison tool and broker. See their Smart50 rank.
Revenue: $6.6 million
Growth: 64%
Founder: Julian Fayad
Head office: Rhodes, NSW
Year founded: 2020
Employees: 42
Industry: Financial Services
Website: loanoptions.ai
How LoanOptions.ai started
Australia’s first ever AI-powered loan comparison tool and broker, LoanOptions.ai set out to make applying for a car, equipment, personal or business loan as easy as checking out in an online store. Through a combination of proprietary technology, AI and third-party servers, it streamlines the loan application process to as little as five minutes.
Growth
Since LoanOptions.ai was founded in 2020 it has settled $200 million worth of loans. Half that amount was settled in 2023 alone, aided by ongoing improvements to its software that culminated in the launch of version 3.0 in December.
Where to next
This year, LoanOption.ai will be launching a new flagship home loan version of its technology for its mortgage broker partners to subscribe to as a SAAS product that is set to completely revolutionise the home loan industry.
