MEDIA RELEASE
14 December 2009
REVOLUTIONISING ONLINE FINANCE APPROVAL AT YOUR FINGERTIPS
Technology Company Snergetic Services Limited has listed on the Australian Small Scale Offerings Board (ASSOB)
and is raising capital so it can seek to revolutionise the future of online lending. The Company’s flagship product,
the ‘Synergy’ loan origination system is designed to allow consumers to obtain pre-approved personal finance
online. Synergetic is seeking to raise $2 million via sophisticated investors to fund the further expansion of the
business and provide working capital for 2010.
The ‘Synergy’ system empowers customers to obtain pre-approval for finance in a single internet session, without
the need to visit a lender and with 24/7 access. This innovative loan origination system is seeking to revolutionise
the lending market, by implementing a more efficient, user friendly application process that provides customers
with real time application responses over the internet and importantly, fully supports compliance with the recent
National Consumer Credit Protection Bill.
‘Synergy’ uses sophisticated identity checking, credit assessment and dynamic verification; granting customers
conditional loan pre-approval, arming customers with choice and fast tracking the lending process. The entire
process occurs on-line and can be completed when the application is first initiated.
While the ‘Synergy’ system has many applications, across multiple markets, Synergetic will initially focus on
consumer lending and in particular for personal loans used for the purchase of motor vehicles. Significantly,
Synergetic has already established an agreement with Australia’s largest motor vehicle market site.
Synergetic’s agreement will ultimately enable consumers buying vehicles on their site to complete a loan
application online in real time, be identified, credit checked and receive a fully decisioned offer and genuine price
from a panel of lenders. No other technology in the world can provide consumers with this choice in real time
today. This relationship forms a platform for the roll out of the technology across a range of Australian and
international point of sale market-sites.
According to Andrew Meakin, Chairman, Synergetic Services,
“Once the Synergy loan origination platform is successful with cars and personal loans, it can be quickly expanded
into areas such as home loans and international markets.”
“The compliance safeguards in the system also made it an ideal way to cope with the looming tightening of
consumer credit laws and innovations such as positive credit reporting.”
For more information visit, www.synserv.com.au or contact Rod North, Bourse Communications (03) 9510 8309
or 0408 670 706
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