AuctionsPlus and StockCo launch smart connection for livestock finance

AuctionsPlus and StockCo by Heartland Bank have launched Australia's first digital livestock finance partnership.

StockCo’s finance is now directly available through the AuctionsPlus platform, which will simplify the purchasing process and offer agents and producers a smart connection to livestock financing.

AuctionsPlus Chief Executive Officer Wyn Snyman said embedding finance into the platform made livestock purchasing easier, faster, and more accessible than ever before.

"We’re always looking for ways to make AuctionsPlus better for our customers, and this partnership with StockCo is an exciting step forward," Mr Snyman said.

Heartland Bank’s Chief Commercial Officer Medina Cicak said ebedding StockCo’s simple finance application process into AuctionsPlus allowed agents and producers to take advantage of market opportunities, make faster decisions and speed up their purchase and invoicing process.

StockCo’s livestock finance can be arranged and accessed directly through AuctionsPlus and is tailored to the needs of the purchaser, making applying for finance easy. StockCo’s livestock finance is linked directly to the transaction, meaning producers only borrow what is needed, thereby minimising their cashflow impact.

Existing StockCo clients can simply log into the AuctionsPlus dashboard to link their StockCo account and view their available finance balance, providing confidence when purchasing. New StockCo clients can easily sign up via the AuctionsPlus website.

“StockCo is focused on supporting its clients and agents by streamlining the livestock finance process through technology, allowing its team of industry professionals to focus on supporting customers to grow their business," Ms Cicak said.

“Our shared vision is to connect buyers, vendors and agents to the financial tools they need to operate at full capacity, enhancing profitability and fostering growth across the sector."