Fintech Bridgit raises $14.6m in Series A round

Australian fintech, Bridgit has raised $14.6 million in a Series A round plus a $125 million debt facility to be put towards new products and tech solutions for its loan platform.

Founded in 2021, the property leader aims to close the gap between consumers buying and selling property, allowing them to access bridging loans via Bridgit’s digital loans application.  

Bridgit’s Series A funding round was led by OIF Ventures and plans to use the funding to fast-track platform upgrades.

The $125 million debt facility raise was led by an undisclosed global bank and will support an additional $500 million annually in residential property finance.

With the new funding, Bridgit is expected to create a new 12-month loan term alongside investment in technology and automation.

Bridgit CEO and co-founder Aaron Bassin said, “Homeowners deserve to have more options and flexibility when considering their next steps.

“Buying now, selling later gives homeowners a way to jump on property opportunities without getting caught in the sell-buy limbo.

“We set out to help homeowners take their desired next steps, without the inconvenience of selling first, by ultimately unlocking the equity tied up in their current home.

“With the new funding, we are doubling down on our mission of being a vital resource for Aussies seeking to navigate the property market with confidence,” Bassin said.