Numerous sources, together with a dealer that had been working below Hai Money’s licence, confirmed the information to MPA on Thursday. It has been confirmed by MPA that this Melbourne-based dealer acquired a notification for redundancy from Hai Money.
Hai Money operates as its personal entity, with its personal credit score licence, separate to Finsure. But brokers working below Hai Money had entry to Finsure’s huge lender panel, which incorporates Commonwealth Bank, ANZ and different main lenders.
Hai Money has an estimated 200 brokers below its licence. It is known that these brokers are scrambling to affix one other aggregator with a view to resume operations.
A Finsure spokesperson stated they’re unable to remark right now. Hai Money has been approached for remark.
More to return.
