Firstmac Raises $1.4 Billion: Reinforcing a Legacy of Lending Excellence and Community Impact

We are thrilled to announce a major milestone in the journey of Firstmac, Australia's largest non-bank lender, as we successfully raised an impressive $1,400,000,000 in funding. Since our inception in 1979 as a modest family business, Firstmac has grown exponentially to become a powerhouse in the lending market. Our achievement is not only a testament to our financial strength and resilience but also underlines our commitment to empowering homeownership and providing innovative lending solutions. Over the decades, we have supported 130,000 home loans and currently manage an impressive $16 billion in home and car loans, alongside $300 million in cash investments. We are proud to have self-funded over $42 billion worth of RMBS bonds across both Australian and global markets, reinforcing our reputation as a stalwart in the financial landscape. The newly raised funds will be instrumental in fueling our continued growth and innovation. They will serve to further enhance our suite of services, expand our market reach, and boost our digital transformation initiatives to better serve our customers in an ever-evolving financial landscape. Importantly, as we invest in our vision and community, our commitment to social responsibility remains steadfast. We continue to proudly support community engagement by offering our employees an annual paid day to contribute to charitable causes and by organizing quarterly community initiatives to benefit local organizations. This funding milestone will not only accelerate our strategic growth plans but also reinforce our dedication to community improvement, ensuring that as we expand, we continue to give back to the communities that have supported us over the years.