Angle Asset Finance is a nonbank lender that provides secured asset financing to corporates, SMEs and government entities, servicing more than 30,000 customers across Australia. The business launched in October 2020, with a highly experienced board and executive team with extensive industry and financial markets knowledge. Angle employs more than 100 staff and has more than A$800 million of assets under management.

Angle approaches asset finance from a different angle to the rest of the industry. The company has created new and better ways to help its network of introducers and their customers thrive, delivering a quality product for end financiers and investors. The Angle name reflects its commitment to looking at everything it does in a different way, every time.

In August 2021, Angle broadened its asset and customer base with the acquisition of the A$500 million Westpac Group Strategic Alliances (Vendor Finance) business, which was established in 1997 by Angle Asset’s current chief executive and chairman prior to its sale to Westpac. The combination of Strategic Alliances (Vendor Finance) and Angle has created a leading asset financing company that offers diversified financing solutions and best-in-class service for Australian businesses.

The diversified portfolio primarily comprises commercial vehicles, and office and telephony equipment across a wide range of industries. It is financed in loan or lease format. Financing is provided through a network of introducers, aggregators and vendor agents, who are subject to a rigorous accreditation process.

The business places significant emphasis on policy and process development, and strong adherence disciplines. Corporate governance and compliance are key focuses to the company’s operational framework and Angle is a member of the Australian Finance Industry Association.

Originations, settlements and servicing of the asset finance portfolio use a combination of proprietary and third-party systems. Technology has been developed and applied to simplify Angle’s origination process and maintain the highest standard of data integrity. This includes the stand-up of a globally recognised asset finance loan management system.

Angle is a portfolio company of Cerberus Capital Management, a global leader in alternative investing with US$55 billion in assets under management. Cerberus is the majority shareholder in Angle and Deutsche Bank is a co-investor.

Angle’s funding strategy aligns with business strategy for stable and sustainable growth supporting business originations through flexible and diversified sources of funding. In this regard, Angle is well supported by major financial institutions locally and offshore through multiple ABS warehouse facilities. In July 2022 it issued its inaugural capital market transaction with volume of A$250 million.

Angle is committed to being a programmatic ABS issuer throughout all market cycles, with a consistent offering to its growing investor base. Recognising the importance of a deep and diversified investor base, the company is focused on ongoing investor engagement and welcomes all enquiries.

Craig Edwards
Chief Executive Officer
+61 414 331 705
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Debbie Long
Head of Treasury
+61 427 786 784
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www.anglefinance.com.au