Bridgit Reports $84 Million Revenue and 218% Growth

By Daniel Okafor

Bridgit reports $84 million in revenue, 218% growth and a $1.1 billion loan book.

Aaron Bassin founded Bridgit in 2021. The Sydney, NSW-based non-bank lender employs 177 people. Bridgit describes its industry as Financial Services and lists bridgit.com.au as its website.

What problem did Bridgit set out to solve?

When Bassin launched Bridgit in 2021, he saw homeowners facing a financing constraint. They could hold plenty of equity in one property, yet still face rigid lending criteria and lengthy approval processes when buying their next home before selling the old one.

Bridgit built a digital application and assessment process instead of relying on the manual workflows traditionally used in bridging finance. The design gives homeowners and mortgage brokers what Bridgit describes as “greater certainty, sooner.”

Today, Bridgit says it has more than 18,000 accredited brokers across Australia. This network is central to the company’s plan to grow awareness of bridging finance over the next 12 months.

How does Bridgit assess loans at speed?

Growth created a capacity problem. Bridgit needed to assess a rapidly increasing number of loans without increasing its workforce at the same rate.

Its answer was to invest in its own technology. Bridgit developed ATLAS, an AI operating system, and ADAM, a decision-making tool that analyzes property data and lending scenarios.

ATLAS and ADAM sit at the center of the lender’s assessment operation. ADAM examines property information and possible lending scenarios, while the wider system supports faster review. Bridgit says the technology has cut assessment times by 85%. Conditional approvals can take as little as two minutes.

That result shortens the approval process that Bassin identified as a core problem. It also supports Bridgit’s stated aim of processing more loans without forcing headcount to rise at the same pace. The company has paired that digital workflow with a broker network already exceeding 18,000 accredited brokers.

Does automation remove human judgment?

No. People remain inside the lending process. Bridgit says its team retains oversight of lending decisions under a model the company calls “human-in-the-loop” governance.

The structure gives the software a defined role. It accelerates assessment work, while the team keeps a human checkpoint over lending decisions. Bridgit therefore presents its model as a hybrid: automated processing for speed, with its team retaining oversight.

The tools sit inside the homeowner and broker lending process behind the $1.1 billion loan book. Their role is to speed assessment while the team remains the human checkpoint. That balance lets Bridgit pursue faster assessments without removing its team from the decision process.

What does the financial profile show?

Bridgit says it has remained profitable for more than two years. The lender has also attracted more than $1 billion in institutional capital and $60 million in equity.

With 177 employees, Bridgit operates a $1.1 billion loan book and a network of more than 18,000 accredited brokers across Australia. The company also reports $84 million in revenue and 218% growth.

Bridgit’s expansion rests on four connected elements: a digital application, internally developed assessment tools, a national broker network and a growing book of bridging loans. Each element supports the company’s stated objective of making bridging finance faster and more certain for homeowners and brokers.

Where does Bridgit expand from here?

Over the next 12 months, Bridgit plans to continue developing ATLAS and ADAM. It also plans to use its network of more than 18,000 accredited brokers to raise awareness of bridging finance across Australia.

The company intends to keep growing through that broker network while expanding both its technology and its loan book. Its longer-term ambition is to take the model it has built in Australia to a global market.

The next 12 months provide an operating test rather than an international-launch test. Bridgit’s disclosed roadmap centers on product development, broker-led awareness and a larger loan book.

Its immediate task is to keep assessment times low as the $1.1 billion loan book grows. The benchmark is whether ATLAS and ADAM can sustain an 85% reduction while the network expands beyond 18,000 brokers and the team retains human oversight.