Main non-bank enterprise lender Develop Finance has immediately introduced the appointment of Matthew Stitt as a brand new Accomplice within the Queensland enterprise growth group. Stitt will probably be chargeable for collaborating with brokers to ship asset finance and dealing capital options, together with enterprise loans plus asset, commerce and bill finance to SME purchasers.
Matthew Stitt’s addition is a part of the Group’s nationwide gross sales group enlargement required to maintain aggressive development targets. His appointment coincides with the position of extra Account Managers to help the BDM community, plus one other credit score analyst to assist expedite and streamline funding.
“Matthew has in-depth asset and tools finance experience that aligns straight with Develop’s product portfolio, which we’re repeatedly refining to fulfill present and rising working capital necessities. He additionally has substantial gross sales and account administration expertise inside the industrial finance sector that’s extraordinarily useful,” mentioned David Verschoor, Co-CEO of Develop.
Fellow Co-CEO, Greg Woszczalski added, “We’re delighted to have Matthew on board to increase our attain and actively assist brokers ship extra industrial funding options to SME purchasers. Matthew has a powerful observe document and understands the nuances of business finance in addition to the Queensland market, in comparison with different states.”
“My aim is to extend Develop’s market share in Queensland and contribute to the general development targets by actively supporting extra brokers to supply aligned asset finance and dealing capital options to SMEs. Specifically, we’re properly aligned to assist facilitate the non-public sale and sale/ lease-back transactions because the demand for used property continues to soar within the wake of ongoing provide chain delays for brand new tools. Fulfilling this instant funding want represents a big and widespread alternative for brokers,” mentioned Stitt.
Initially from Queensland, Matthew Stitt has an innate understanding of the sector and funding specifics from each a lender and dealer perspective. Previous to his appointment at Develop, Matthew held numerous positions at Apollo RV Gross sales and GoGetta Gear Funding. He was additionally a dealer at QPF Finance Group.
Stitt will work carefully with Ryan McQuilty (Accomplice, QLD) and in collaboration with the broader gross sales and advertising and marketing group, led by Brett Cheal, Managing Accomplice.
Develop was recognised because the #1 fastest-growing firm within the 2021 AFR Quick 100! and likewise obtained the # 1 Australian and #8 Asia-Pacific high-growth firm within the 2022 Monetary Occasions: Asia-Pacific high-growth rating. The Group actively responds to market demand with sharply priced new technology product enhancements, product extensions, and new merchandise (single and blended).
