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Australian property lending fintech Bridgit has secured additional funding from Macquarie Bank, increasing its total debt funding facilities to more than A$1.7 bn ($1.2 bn) as demand for short-term property finance continues to grow.
Macquarie’s Commodities and Global Markets Group expanded its existing credit facility with the Sydney-based lender, which also receives institutional funding from Citi and other lenders.
- Macquarie Bank has increased its funding facility for Bridgit, taking the Australian lender’s total debt funding arrangements with Macquarie, Citi and other lenders above A$1.7 bn.
- Bridgit reported 168% lending growth in FY2026 and a 28% increase in loan submissions in Q1 FY2027. The company has supported more than A$8 bn in property transactions.
- Bridgit has invested more than A$15 mn in its AI-powered lending platform, reducing some approval times to 120 seconds. The company reports no lending losses to date.
The additional funding provides Bridgit with greater lending capacity as homeowners increasingly seek financing to purchase their next property before selling their existing home.
The size of Macquarie’s latest facility increase was not disclosed. Alhad Bhalerao, division director at Macquarie, said the bank increased its commitment in response to growing demand for Bridgit’s lending products.
Bridgit lending grows 168% despite Australian property slowdown
Bridgit reported a 168% increase in lending between FY2025 and FY2026, while loan submissions rose 28% between the fourth quarter of FY2026 and the first quarter of FY2027. The growth came despite weaker conditions in Australia’s broader property market.
In the fourth quarter of FY2026, Bridgit financed approximately 2% of Australian owner-occupier property purchases, excluding first-home buyers.
Founded five years ago, the company has supported more than A$8 bn in property transactions involving over 10,000 Australian homes.
Bridgit specializes in short-term property financing through its “Buy Now, Sell Later” model, allowing homeowners to purchase another property before completing the sale of their current residence.
Borrowers can access up to A$10 mn in home equity, with maximum loan-to-value ratios (LVRs) of 85%, subject to lending requirements.
Founder and CEO Aaron Bassin said the weaker property market has increased demand among homeowners seeking to upgrade to properties that were previously beyond their purchasing capacity.
Australia’s four major banks as Bridgit’s principal competitors, arguing that traditional bank lending processes are less suited to short-term bridging finance.
Aaron Bassin, Founder and CEO
Macquarie also competes in the market through its own banking division, which offers bridging loans directly to customers. Mortgage brokers remain central to Bridgit’s distribution strategy, originating approximately 80% of its loans.
Bridgit invests A$15 mn in AI lending technology
Bridgit has invested more than A$15 mn in ATLAS, its proprietary AI-enabled technology platform designed to automate lending decisions and loan administration.
The system handles processes extending from initial applications through credit assessment and settlement. Its AI decisioning engine, ADAM, supports automated borrower risk assessments and has reduced approval times to as little as 120 seconds.
Traditional lenders can require several days to complete similar assessments through manual underwriting processes.
Bridgit has reported no lending losses since launching operations. Bassin said the company’s loan portfolio maintains LVRs below 60%, although individual products permit borrowing at ratios of up to 85%.
The distinction between the overall portfolio’s leverage and maximum permitted borrowing levels is relevant to the lender’s credit risk profile.
Bridgit attributes its lending performance to automated risk assessment, collateral management and disciplined underwriting.
