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Dynamoney appoints Brett Thomas as CEO to spearhead growth and innovation
Dynamoney, a prominent player in the commercial finance sector for Australian small and medium enterprises (SMEs), has announced the appointment of Brett Thomas as its new Chief Executive Officer. This move comes at a pivotal time for the company, which has experienced a remarkable 50% growth in its loan book over the past year, largely due to strategic partnerships with two major Australian banks.
Dynamoney appoints Brett Thomas as CEO to spearhead growth and innovation
Dynamoney, a prominent player in the commercial finance sector for Australian small and medium enterprises (SMEs), has announced the appointment of Brett Thomas as its new Chief Executive Officer. This move comes at a pivotal time for the company, which has experienced a remarkable 50% growth in its loan book over the past year, largely due to strategic partnerships with two major Australian banks.
Brett Thomas, who brings over 25 years of experience in commercial lending, joins Dynamoney after a decade at Wells Fargo, where he most recently served as Managing Director for Australia and New Zealand. Before his tenure at Wells Fargo, Thomas spent 16 years at GE Capital, honing his skills as a Commercial Leader. His extensive background in the financial services industry is expected to bolster Dynamoney's ambitious growth plans and expand its offerings to Australian SMEs.
Greg Woszczalski, Dynamoney's Executive Chairman and interim CEO, expressed confidence in Thomas's appointment, highlighting the strategic timing of this leadership change. "We have a growing national footprint and to have someone of Brett’s calibre lead our high-performing team is a significant milestone for the business and signals our intent to continue our strong growth trajectory," Woszczalski stated.
Woszczalski further elaborated on the shifting landscape of the commercial lending market. "The commercial lending market continues to be reshaped, with alternate, specialist lenders disrupting the status quo by offering more tailored and flexible funding sources," he said. "Brett brings the expertise, leadership, and industry knowledge needed to take advantage of this disruption and guide the business through its next phase of growth. We see significant opportunities to further expand our breadth of clients, grow our lending footprint, and position our product offering to support even more Australian SMEs."
Dynamoney, founded in 2015, has carved out a niche in the financial landscape by offering a comprehensive suite of financing solutions tailored to SMEs. These include equipment and asset financing, business lending, lines of credit, and insurance premium funding. The company's mission is to support the backbone of Australia’s economy—its small and medium-sized businesses.
Upon his appointment, Brett Thomas expressed enthusiasm for joining Dynamoney at a critical juncture in its evolution. "I am thrilled to be joining Dynamoney at such an exciting time in its journey. The business has a strong foundation, a talented team, and a clear purpose in supporting the growth of Australia’s small and medium-sized businesses," Thomas remarked.
He also emphasised the pivotal role SMEs play in the Australian economy, noting, "SMEs are the lifeblood of Australia’s economy, making up over 97 percent of all businesses. Having grown from a small business ourselves, Dynamoney has a unique understanding of the challenges and opportunities that SMEs face every day. We are laser-focused on becoming the SME lender of choice and helping these businesses with expert guidance and relevant technology-led solutions."
Thomas outlined his strategic focus areas, which include improving operational simplicity, enhancing process excellence, and fostering a strong, people-first culture. These efforts aim to set the business up for long-term sustainable success. "As we look to the future, we will continue to innovate, ensuring our products, processes, and systems meet our customers’ evolving needs," he said. "I look forward to working alongside the team, our partners, and customers as we accelerate and shape the next chapter for Dynamoney, our brokers, and our customers."
The appointment of Brett Thomas as CEO signals Dynamoney's commitment to leveraging its recent growth and expanding its influence in the SME lending market. With a renewed focus on innovation and customer-centric solutions, Dynamoney is poised to strengthen its position as a leading financial partner for Australian SMEs.
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