Two-and-a-half years later, the figures tell a different story. Molo Finance – which operates as the origination engine for ColCap Financial UK, the British subsidiary of ColCap Financial Group, Australia’s largest non-bank lender with approximately A$22 billion (£12 billion) under management – has grown its loan book from £200 million at the time of Kimber’s arrival to more than £1.3 billion today. The business is targeting £1.5 billion by the end of 2026.
How do Molo and ColCap fit together?
For brokers who deal primarily with the Molo brand, the structure beneath it can seem opaque. Molo handles everything from initial sales through to completion – the full origination function. ColCap UK sits alongside it as the funding entity, holding the warehouse structures, treasury, and back-office servicing functions. Warehouse funding refers to a short-term credit facility that allows a lender to originate loans before they are securitised. In Molo’s case, bundled into residential mortgage-backed securities to access longer-term capital markets funding.
“From a broker point of view, their interaction day-to-day is with Molo,” Kimber said. “The Molo brand, Molo loans, it’s just that the funding is via ColCap.”
ColCap’s co-founders, Ilias Pavlopoulos and Andrew Chepul, remain closely involved – one as chairman, one as a non-executive director – and the privately owned structure was a deliberate attraction for Kimber after a spell working for an American hedge fund.
“They really sold me the vision of the business and what they wanted to achieve over the coming five to 10 years,” he said. “I could see there was something pretty special they’re looking to build here.”