Solvar Limited Overview
Pro stress-test →Solvar Limited is a leading provider of automotive and personal finance across Australia and New Zealand, made up of three business units: Money3, Automotive Financial Services (AFS) and Go Car Finance (GCF). The company specialises in providing flexible secured and unsecured vehicle and personal loans to customers often excluded by traditional lenders.
Strategic Profile
Pro stress-test →Solvar has made a strategic decision to create a dedicated commercial lending business unit in Australia and gradually wrap up its New Zealand operations. The group operates through offices in Melbourne, Brisbane and Auckland employing around 350 finance professionals, leveraging a large distribution network of brokers, dealers and digital channels.
Competitive Landscape
Pro stress-test →Solvar is a leading non-bank provider of automotive finance with operations across Australia and New Zealand. The company competes against traditional banks and other non-bank lenders, differentiating through focus on underserved customer segments and multi-channel distribution via brokers and digital platforms.
Industry Context
Solvar Limited operates in Non-Bank Consumer and Commercial Finance.
Key facts
Founded: 2005 · Headquarters: Melbourne, Australia · Employees: 350 · Revenue: $150.9M AUD · Market cap: $353.18M AUD