Needless to say there are many that are glad 2020 is coming to an end. But was this year really all doom and gloom?

We take a look back at some of the more positive highlights of 2020.

1: Record settlement month for Nodifi partners

The EOFY didn’t disappoint despite the lockdowns and lacklustre economy. In fact, June’s settlement numbers were 33% better than the previous record-breaking month, and an increase from May by almost 100%.

The large settlement numbers were largely attributed to the strong automotive sector which showed consumer confidence returning after the COVID sting.

2: New benchmark for partner acquisitions

September proved fruitful for Nodifi, recording its largest jump in new users to the platform. Despite Melbourne’s second wave, asset finance again proved itself as an attractive option for brokers looking to expand offerings.

Nodifi recruited additional settlement staff to cater for the increased demand, in addition to a National Sales Manager.

As Head of Marketing, Alex Ventura says, “I’m excited at the prospect of what’s to come on the Nodifi front – a significant platform update in addition to a new marketing suite – 2021 is looking promising.”

3: Nodifi BDM notches a century

The records continued to tumble throughout 2020, this time it was Liam Sutcliffe who broke the 100 settled deals mark in a single month – the first Nodifi BDM to break a century of deals in a given month.

“This achievement is testament to the hard work of our partners and the Nodifi team, as we continue to grow collectively – the signs are positive leading into 2021,” Liam remarked.

4: Almost $40,000 raised for charity

If you’re up to speed with our newsletters, you’ll be aware of some fundraisers that took place throughout the year..

For those that aren’t, here’s a refresher…

Nodifi held a charity golf day back in early February, raising almost $15,000 for FightNMD and The Breakthrough Foundation. The event also included prizes and auctions which added to the amount raised.

Nine members of Nodifi’s corporate team, along with hundreds of CEOs and business owners Australia wide took part in the Vinnies CEO Sleepout, raising awareness and funds to provide people experiencing homelessness with vital access to food and accommodation.

Thanks to the Nodifi team’s fundraising efforts and partner donations, almost $19,000 was raised.

Thirdly, was the recent 12 Days of Christmas campaign. Eligible Nodifi partners were entered into a daily draw over 12 consecutive days. The winner elected a charity of their choice for a $200 donation in addition to a $500 major draw upon the conclusion of the campaign. The 12 Days of Christmas initiative raised just under $3,000 for various charities.

Notable Mentions

Here are some individual efforts that really stood out to Nodifi team.

Brisbane based broker, April
This partner successfully assisted an elderly client with caravan finance in midst of the COVID initial wave. The client retired earlier than planned (due to COVID) but still managed to purchase the caravan. The successful settlement was due to the broker’s ability to show the client had recently paid out all other loans allowing a vehicle to be secured.

Rural NSW based broker, July
After her client’s agricultural business took a hit from a reduced export market, the application for farm machinery refinance looked doubtful. Fortunately, this broker was able to get it across the line after providing a long list of required documentation and going the extra mile in customer service.

Rural VIC based broker, August – November
During the depths of the Melbourne second wave, this broker’s client was struggling to finance a short haul truck. With the vast majority of the state in lockdown, things looked grim. However, much to the client’s delight, the loan was pre-approved pending documentation which allowed the client to purchase the truck when Victoria came out of lockdown in late November.

Thanks for a ‘better-than-it-could-have-been’ 2020

The Nodifi team would like to thank our partners for their dedication, persistence and phenomenal amount of work in 2020.

The record settlement numbers, partner acquisitions and strong consumer demands for asset finance, demonstrate that asset finance continues to be a stable pillar within our industry.

Here’s to a successful and healthy 2021!

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