Anittel Group (ASX: AYG) managing director, Peter Kazacos, has moved into the finance market with the latest addition to his Kaz Group of companies, Kaz Finance.
Kaz Finance is a specialist boutique organisation designed to provide a full range of services that include finance solutions, home loans, personal loans, as well as a wide range of insurance options.
According to Kazacos, Kaz Finance aligns with some of its other divisions such as Kaz Property in supporting individuals that require financing when purchasing properties.
“It’s covering the full circle of needs – from choosing a property, doing the conveyance, handling the warrants, and so on,” he said.
Kazacos decided to open up his own finance subsidiary because he wants to provide more flexible options to the market at a lower cost.
“When I was looking for financing options in my early days, it was a daunting task going out there – the banks were becoming less friendly in providing their services. There is currently a need for it out there and we have the skilled staff to be able to provide it,” he said.
Kaz Finance will target the general consumer market as well as companies that require larger financing types.
“My initial aim is to spread the word through the people that I know within the IT channel. I have got a lot of relationships with them and I’m sure a lot of them are looking at ways they can both refinance their businesses and personal finances,” he said.
Kazacos added that from discussions with the IT channel, there is a lack in banking finance, leasing finance and insurance options available in the market.
There are currently 10 employees under the Kaz Finance banner and it will look to hire more staff and expand beyond its Sydney base with growth.
Kazacos holds a non-executive chairman role within Kaz Finance.
The Kaz Group of companies also include: Kaz Property, Kaz Capital, Law Corporation, Kaz Constructions, Kaz Early Learning Centre and Kaz Café.