A large number of assets, together with a dealer that were working underneath Hai Cash’s licence, showed the scoop to MPA on Thursday. It’s been showed by way of MPA that this Melbourne-based dealer won a notification for redundancy from Hai Cash.
Hai Cash operates as its personal entity, with its personal credit score licence, separate to Finsure. However agents working underneath Hai Cash had get admission to to Finsure’s huge lender panel, which incorporates Commonwealth Financial institution, ANZ and different primary lenders.
Hai Cash has an estimated 200 agents underneath its licence. It’s understood that those agents are scrambling to enroll in some other aggregator with the intention to resume operations.
A Finsure spokesperson mentioned they’re not able to remark at the moment. Hai Cash has been approached for remark.
Extra to return.