Fintech and asset finance intermediary company LoanOptions.ai has launched a new business unit and entered the innovative leasing space.
The new business unit will enable the company to support small and medium-sized businesses looking to offer innovative lease deals to their employees.
To lead this division, LoanOptions.ai has appointed Elizabeth Carrasco as Head of Innovative Leasing.
Carrasco brings more than 16 years of experience spanning innovative leasing, pay packages, consumer lending, channel sales and enterprise client portfolio management.
In this role, Mr. Carrasco will oversee the integration of new leases into LoanOptions.ai’s existing B2B services, enabling the company’s network of more than 2,000 mortgage brokers, aggregators and corporate partners to introduce new lease opportunities.
The company said the new division will leverage its existing lending technology platform to streamline the application and fulfillment process for employers and employees.
Julian Fayad, CEO and founder of LoanOptions.ai, said the launch expands access to innovative leasing deals for small and medium-sized businesses.
“I am very pleased to welcome Elizabeth to the team leading this important new division of our business. Novated leases have historically been dominated by large providers serving large corporations, and small business owners and their employees have been excluded from these significant tax savings,” said Fayad.
Carrasco said the company is well-positioned to expand access to innovative leasing through its technology platform.
“Joining LoanOptions.ai at this stage of its growth is a phenomenal opportunity. Throughout my career, my focus has always been on delivering customized financial solutions and building high-performing channels. LoanOptions.ai has built the ultimate digital playground to do just that at scale,” said Carrasco.
“By removing traditional administrative friction, we make innovative leasing accessible, easy and highly rewarding for Australian employers and their staff alike.”
Fayad said he believes the product will be effective for small businesses and their employees.
“With inflation and the cost of living straining household budgets, providing small businesses with a tool that can help employees save thousands of dollars on their next car is a huge win,” Fayad said.
“Combining Elizabeth’s unparalleled experience with our advanced AI infrastructure will ensure we can deliver a faster and more transparent pay package experience than anything currently on the market.”
[Related: Government confirms staged EV tax break wind-down]
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