Lendela, Australia’s dominant loan matching platform, today announced a strategic partnership with Revive Financial, Australia’s largest debt relief and management firm. The collaboration aims to empower Australians who struggle to secure loans due to financial distress by offering them tailored debt solutions to regain financial stability.
The partnership will seamlessly integrate Revive Financial’s debt management solutions into Lendela’s loan matching ecosystem. Through this integration, borrowers who do not qualify for traditional loans due to high debt levels will receive alternative financial relief options, including debt consolidation, formal debt agreements, with tailored repayment plans, ensuring they receive the best possible financial outcome.
Addressing a growing need for debt management solutions
With a rapidly expanding segment of Australians facing increasing financial strain, the demand for flexible and responsible debt solutions has never been greater. Lendela’s data indicates a five-fold year-on-year increase in the share of loan applications from borrowers struggling to meet traditional lending criteria due to high levels of unsecured debt. Meanwhile, Lendela’s landmark reports on debt consolidation and young adult borrowing published last year revealed a sharp rise in cost-of-living related borrowing across most demographics.
Since 2005, Revive Financial has been a trusted partner for thousands of Australians, helping them take back control of their finances with tailored debt solutions and, ultimately, overcoming debt. With the rising cost of living placing greater financial pressure on Australians, Revive Financial’s team takes an empathetic, solutions-driven approach to guide Australians toward financial recovery.
“Lendela’s customer experience has always been driven by the financial wellbeing of Australians who engage with our platform—whether through a successful loan match or alternative financial solutions. We have partnered with Revive specifically because they share our vision for an equitable financial ecosystem, where financial rehabilitation and customer care form the bedrock,” said Jake Osborne, Head of Australia at Lendela.
“This partnership extends that commitment by ensuring that those in financial distress aren’t left without options. Instead of being turned away and kicked when they’re down, they’ll now have access to structured pathways to regain financial stability,” Osborne added.
Leaving no one behind
The integration will introduce an intuitive assessment tool, enabling customers to seamlessly transition from Lendela’s platform to Revive Financial’s. Borrowers who are unable to secure a loan through Lendela will receive clear, personalised recommendations on available debt solutions, with the ability to take action immediately.
Revive Financial has helped thousands of Australians turn financial setbacks into opportunities for a fresh start, providing tailored solutions that promote long-term financial well-being.
Revive Financial’s Chairman and Chief Executive Officer Craig Francis said: "Lendela’s successful expansion into the Australian market in 2023 highlights the power of a simplified and transparent customer experience as a driver of growth.”
“Our partnership with Lendela enables Revive to support more Australians in taking back financial control, creating an end-to-end experience that ensures no one is left behind. We believe financial recovery should be accessible, simple, and transparent—this partnership achieves exactly that,” Francis added.
Empowering borrowers & lenders
By providing borrowers with real, personalised loan options instead of generic advertised rates, Lendela has saved its users a combined A$50 million in interest on average in 2024 alone, helping tens of thousands of Australians secure their most competitive financing options at a time when they have had to borrow to cope with an unprecedented rise in cost of living.
The fintech platform has facilitated over 400,000 loan applications to date and counts well over 100 lenders across the region as partners, including some of the most recognisable lenders in Australia, Singapore, and Hong Kong—proving the model’s ability to empower borrowers and lenders alike.
In 2024, Lendela grew its lender panel in Australia six-fold while paving the way for borrower data security with an industry-first integration with digital identity solution ConnectID. It also published two landmark reports on the state of borrowing and credit in Australia—The rapid rise of debt consolidation & The state of borrowing among young Australians—that received widespread media attention, highlighting the surging debt in the country as well as the need for more equitable access to affordable financing options for Australians who need it.