Business Daily Media
Saturday, July 26, 2025 2:05:57 AM

Men's Weekly

.

Metro Completes A$67 Million Equity Raise to Turbocharge Growth Ambitions


Metro, one of Australia’s leading independent non-bank lenders for commercial asset finance, have announced the successful completion of a $67 million institutional equity placement.

 

The placement, which follows a $500 million debt funding deal announced earlier in the year, will be used to strengthen Metro’s balance sheet and support further growth of its novated lease and consumer lending businesses. 

 

The placement will also provide Metro with the ability to pursue possible strategic acquisitions that will bolster its distribution networks and technology capabilities. 

 

Commenting on the announcement, Chief Executive Officer Phillip Crossman said it was an exciting time for the business and the equity injection would enable it to accelerate expansion plans. 

 

“Today marks an important milestone for Metro as we prepare to embark upon a new phase of growth. This will see us tap into new markets, unlock additional distribution channels, pursue opportunities within our strategic focus areas, and augment our existing capabilities across the entire business.”

 

While Metro’s core business continues to be commercial lending, the company expanded into novated leasing and consumer auto lending in 2021 and 2022 respectively. 

 

The lender today settles approximately A$150 million in loans per month, or A$1.5-2 billion each year, servicing more than 50,000 customers and originating loans via its national network of around 4,000 auto and equipment brokers. 

 

“At Metro, we pride ourselves on delivering exceptional service and outcomes to our customers. By taking a uniquely personalised approach to lending, and due to our continued investment into our technology stack, we’ve been able to help keep Australian businesses and consumers moving efficiently, despite challenging economic conditions.

 

“We’re excited for the future, and this latest injection of equity ensures we are well positioned to continue supporting our customers and distribution partners,” Phillip added.


Metro’s primary goal is to offer customers excellent service, employ innovative technology, and offer competitive rates. In recognition of its performance, Metro received the Financier of the Year, Credit Team of the Year, and Settlement Team of the Year awards from CAFBA. in 2022. Visit metrofin.com.au.

Baby boomers are driving development feasibility leading to larger apartments

As residential developers continue to grapple with feasibility issues on apartment projects, the sector is struggling to deliver volumes of new st...

Hays launches FY25/26 Salary Guide: ‘Salary Paradox’ deepens as pay rises fail Australians

Rising dissatisfaction with pay, progression and perks is fuelling a new wave of career change in FY25/26, as Australians demand more from employe...

Australian Businesses Still Stuck in the AI Hype Cycle

Data Governance Failures, ROI Gaps and Unclear Strategy Slowing Progress Despite artificial intelligence (AI) dominating headlines and boardroom ag...

How to ensure your manufacturing business survives international tariff turmoil

Optimising your operations in FY2026 will help you combat the challenges of a volatile trading environment. Up, down, in out…Since the commence...

Why Apptio is Enhancing Visibility into AI and Hybrid Cloud

AI investments have become a strategic priority for business with the mindset that if you're not using AI, you're falling behind. But according to...

Beyond borders: Building a scalable strategy for international hiring

For many Australian businesses, growth increasingly depends on thinking beyond local borders.  As wage pressures rise, and specialised talent pool...

Sell by LayBy