MKM Capital has a new name – it will now be known as MA Money.
The non-bank lender says the new brand and look aligns the values of MA Money’s lending business with parent brand MA Financial Group, which acquired full ownership of MKM earlier this year after securing a 47.5% stake in October 2020.
The acquisition is part of the group’s plan to capitalise on the growth in Australia’s residential home loan market. It also complemented its acquisition of aggregator Finsure, which it purchased from BNK for $151.6m in December 2021.
MA Money national sales manager Melanie de Jager (pictured above) said MA Money’s business offering had undergone significant change since MA Financial took full control.
Read more: MA Financial Group acquires lender MKM
“We are in a much stronger position to help our clients strive towards a happier, financially secure future,” de Jager said. “In this time, we have introduced a brand new product range providing simple, clear and cost-effective solutions. This has been backed by a refreshed and expanded leadership team who are executing the new and improved service proposition.”
De Jager said MA Money was also in the final stages of developing an enhanced technology platform that, once implemented, would deliver a more seamless experience for mortgage brokers and their customers.
“With so much happening at MKM, it didn’t feel right to maintain the same brand and so the decision was made to evolve to MA Money. We believe the new brand better reflects the next evolution of the business and our commitment to being the lender of choice for brokers and their customers,” she said. “Becoming part of MA Financial has been exciting for MKM, which has been providing Australian borrowers with tailored home loan solutions since 2004. [As] MA Money, we will be capitalising on MA Financial’s funding firepower and technology capabilities to become a lending partner of choice for brokers and their customers.”
Read next: Reserve Bank decides on interest rates
De Jager was appointed to the role of MA Money national head of sales in April, and she said then that she was delighted to be joining the team at an exciting time in the company’s history.
“I am also looking forward to working with and leveraging the capability of the amazing team we have behind us at MA Financial to position MKM as the lender of choice in the non-bank market,” she said.
