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The Challenge: Access to fair credit
In the 2023–24 financial year, the total value of small- and medium-amount credit contracts provided to consumers amounted to approximately A$1.3 billion. Yet ASIC’s recent report revealed a sharp contraction in this market, with providers rapidly moving away from offering small-amount credit contracts—down ~50% year-on-year from FY23 to FY24.
This decline comes at a time when millions of Australians—gig workers, freelancers, and small-business owners—are being turned away from mainstream finance. Traditional lenders continue to overlook those who don’t fit legacy models, leaving many with limited options to manage cash flow or access short-term finance.
Brolly was founded to change that. By leveraging community and technology, Brolly’s peer-to-peer lending platform connects Australians who have surplus funds with those who need short-term loans.
The Solution: Brolly’s community-driven model
At its heart, Brolly’s mission is to build a circular financial ecosystem where someone who borrows today can return tomorrow as a lender—unlocking the next generation of community based finance.
Borrowers can access up to A$2,000 with no interest and a 5% upfront flat fee, while lenders can start lending from A$100 and earn up to 20% p.a.*
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How the Brolly platform works
For borrowers
- Create an account in about 2 minutes and request A$100–A$2,000.
- Brolly matches borrowers with a lender from the community; qualified borrowers can have funds transferred instantly to their bank account.
- Flat 5% fee; no interest. It’s simple.
For lenders
- Start lending from A$100.
- Earn up to 20% p.a.* on funds held in the lender wallet, with 30-day payouts.
- All loans are Brolly-backed, delivering high-yield returns with stronger downside protection.
Traditionally, peer-to-peer lending faces challenges: a lack of security for lenders, scalability and automation issues (manual processes and slow approvals), market imbalances, and regulatory complexity. Brolly addresses these by delivering an automated, secure, and scalable platform that provides layers of protection for lenders while enabling growth.
Powering the technology
To bring this vision to life, Brolly needed more than just speed—it needed trust, compliance, and scalability.
With Monoova, Brolly found a partner that could deliver:
- Real-time payments to instantly transfer funds between lenders and borrowers.
- Compliance and security infrastructure to meet regulatory requirements and safeguard community trust.
- Automated reconciliation and fund flows to ensure full transparency over every dollar moving across the platform.
By integrating Monoova’s payments infrastructure, Brolly gained the performance and peace of mind required to scale a community-first lending platform—ensuring every transaction is fast, secure, and fully traceable.
Together, Brolly and Monoova are reshaping the way Australians access credit—empowering communities to support one another while unlocking new opportunities for everyday lenders and borrowers alike. Brolly is pioneering a new era of peer-to-peer lending in Australia—one where financial opportunity is shared, circular, and accessible. With Monoova powering its payments backbone, Brolly can focus on what matters most: building a fairer financial future for everyday Australians.
