Ned Montarello, Managing Director & CEO
ThinkSmart was established by Ned Montarello in 1996 and is widely regarded as the pioneer of a new industry. ThinkSmart does what banks and traditional financiers have been unable to do – process high volumes of low value transactions quickly and profitably. ThinkSmart’s mix of financial savvy and new technology to re-engineer the credit approval process for small loans has resulted in a highly successful formula.
In 2003 the business expanded into Europe where it operates through the SmartPlan brand. The groups offshore now account for about 65% of revenue which increased from $22.3 million in ’04/05 to $29 million in ’05/06, with projection to $41 million in the current financial year.