Columbus Capital

What Columbus Capital does

ColCap Financial Group (legal entity Columbus Capital Pty Ltd, ABN 51 119 531 252) is a privately held Australian non-bank residential mortgage lender founded in 2006 by Andrew Chepul (CEO) and Ilias Pavlopoulos (COO). Operating from headquarters at Level 12, 77 Castlereagh Street, Sydney with a global team of 360+ across Australia, the UK, Malaysia and the Philippines (the latter serving as operations center since 2012, with 200+ staff in Manila), the company holds AFSL/ACL 337303 and originates residential mortgages under a multi-brand strategy. Brands include Homestar Finance (direct retail), Granite Home Loans (broker, with SMSF specialisation), Origin Mortgage Management Services (wholesale funding), ColCap Private (niche and development), Austrata Finance (strata corporation lending), and Molo Finance (UK digital buy-to-let via intermediaries). Origination is funded primarily through warehouse facilities and the Triton RMBS program, with Vermilion used for non-resident loans, and is increasingly supplemented by sustainability-linked tranches (social and green).

Underlying technology comprises the proprietary Molo digital mortgage platform (UK, in operation since 2018), the newly upgraded Simpology V2 broker platform (Granite, 2025), and Origin MMS's mobile apps (iOS/Android) for mortgage-manager interactions. Distribution runs across direct retail, broker/intermediary (including aggregator partner Zeus by LMG), and wholesale channels, with marketing supported by NSW Blues and Sydney Thunder cricket sponsorships (Homestar Finance brand). The business model combines net interest income on the A$16.7 billion loan book (FY2024) with RMBS structuring fees, wholesale funding margins via Origin MMS, and origination/transaction fees across specialty products in SMSF, non-resident, NDIS/SDA, Sharia-compliant, strata, and construction finance. Disclosed financial outcomes include FY2024 NPAT of A$62.2 million (+22% YoY), FY2024 settlements of A$5.9 billion (+26% YoY), 19% loan portfolio growth, arrears >90 days at 0.06% of portfolio, and the pricing in February 2026 of the Triton 2026-1 RMBS at A$2.7 billion — the largest ever Australian non-bank RMBS issuance.

In November 2025 ColCap acquired a 14% minority stake in Revolution Asset Management to combine origination with institutional private credit capabilities across Australia and New Zealand, signalling an expansion of the capital-partner model beyond balance-sheet lending.

Name

Columbus Capital

Legal name

Columbus Capital Pty Ltd

Website

https://colcap.com.au

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

251–500 employees

Short description

ColCap Financial Group is a privately held Australian non-bank residential mortgage lender operating a multi-brand, multi-channel model (direct retail, broker, wholesale, and digital) across Australia and the UK, with a A$16.7 billion loan book serving owner-occupiers, investors, SMSFs, non-residents, and NDIS, Sharia, and strata borrowers, funded primarily through RMBS securitisation.

Ownership category

akta.pro rank

Product category

Non-bank residential mortgage lending

NAICS

Credit Intermediation and Related Activities (522)

SIC

Mortgage Bankers & Loan Correspondents (6162), Asset-Backed Securities (6189)

akta.pro primary industry

Non-Agency/Private-Label RMBS Securitization & Issuance (FSALAFAB)

akta.pro secondary industry

Balance-Sheet / Portfolio CRE Lending (FSALADAG)

Keywords

• Non-bank mortgage lending
• Residential mortgage loans
• Specialist lending products
• RMBS securitisation
• Mortgage broking channel

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Mortgage Origination and Interest Income: ColCap originates residential mortgages through multiple channels (retail, broker, wholesale) and earns interest income on its loan portfolio. The company funds mortgages through a combination of warehouse funding facilities and RMBS issuance.
2. RMBS Securitisation: Regular issuance of Residential Mortgage-Backed Securities (RMBS) to fund mortgage portfolios. The Triton program is the primary RMBS vehicle, with Vermilion for non-resident loans. RMBS issuance provides funding and generates fee income.
3. Wholesale Funding Services: Origin Mortgage Management Services provides wholesale funding to mortgage managers through Australia's oldest non-bank brand dating back to 1988.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

ColCap Financial Group is a leading Australian non-bank mortgage lender that originates residential mortgage loans across Australia and the UK through multiple distribution channels including direct retail, broker/intermediary, and wholesale funding to mortgage managers. The company funds its $20+ billion loan portfolio through warehouse facilities and regular Residential Mortgage-Backed Securities (RMBS) issuance, while offering innovative specialist products for SMSF borrowers, non-residents, NDIS social housing, Sharia-compliant finance, and strata corporations.

Differentiator

Problem solved

Functional benefit

Brands

• Origin Mortgage Management Services (Origin MMS): Wholesale funding for mortgage managers via Australia's oldest non-bank brand, dating back to 1988.
• Homestar Finance
• Granite Home Loans
• Molo Finance
• Austrata Finance
• ColCap Private

Products and services

• Homestar Finance Standard Home and Investment Loans
• Specialist Lending (SMSF, Non-Resident, Sharia, NDIS)
• Austrata Finance Strata Loans
• ColCap Private Niche Funding
• Granite Home Loans Broker Products
• Molo Finance UK Buy-to-Let Mortgages
• Origin MMS Wholesale Funding

Quantifiable outcome

• Loan portfolio growth of 19% to $16.7 billion in FY2024
• +4 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Zeus by LMGcoreChannel Partner/ Reseller/ Distributor · 20 February 2026Partnership with leading Broker Aggregator LMG for distribution of mortgage products through the broking channel via Granite Home Loans brand.
• Revolution Asset ManagementcoreStrategic or Co-development Partner · 3 November 2025Strategic partnership announced November 2025 designed to expand access to alternative capital sources. ColCap acquired a minority 14% shareholding in Revolution, combining ColCap's mortgage expertise with Revolution's institutional-grade private credit capabilities across Australia and New Zealand.
• Channel CapitalminorOthers · 3 November 2025Channel Capital converts its existing interest into a 25.8% shareholding in Revolution. Channel provides institutional-grade non-investment services including operations, client service, distribution, and marketing to Revolution.
• Berkshire Global AdvisorsminorOthers · 3 November 2025Acted as exclusive corporate advisor to Revolution on the strategic partnership with ColCap.

Scale indicators8 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Bluestone Mortgages: Australian and UK non-bank mortgage lender with specialist and near-prime origination through broker channels. Comparable to ColCap's Granite/Molo broker and intermediary motion, especially in UK buy-to-let.
• Pepper Money: Major Australian non-bank lender, currently PE-backed (KKR, Bain Capital), providing residential and asset finance including near-prime and specialist loans. Comparable to ColCap's specialist lending strategy and multi-channel distribution.
• La Trobe Financial: Private Australian non-bank lender and fund manager with $35B+ AUM, active in residential mortgages, deposit-taking via La Trobe Australia Credit Fund, and asset finance. Comparable diversified non-bank lender and credit fund manager.
• Liberty Financial: Australian non-bank lender (formerly ASX-listed, now PE-backed by Charter Hall/OTPP) offering residential mortgages, asset finance, and SMSF lending. Comparable specialist and prime origination franchise.
• Together: UK specialist mortgage lender (formerly Together Financial Services) focused on self-employed, BTL, and near-prime borrowers, recently listed on LSE. Closest UK-comparable to ColCap's Molo intermediary BTL platform.
• Firstmac: Australia's largest private non-bank mortgage lender, originating and securitising residential mortgages via RMBS programs. Closest direct peer to ColCap's prime residential RMBS-backed model and previously employed ColCap's CEO as Treasurer.
• Athena Home Loans: Australian digital non-bank mortgage lender backed by Square Peg, Anthem, and AirTree. Competes with ColCap's Homestar and broker brands on technology-enabled residential mortgage origination.
• Resimac: ASX-listed non-bank residential mortgage lender and RMBS issuer operating in Australia and New Zealand. Most directly comparable listed peer to ColCap's originate-and-securitise model.
• The Mortgage Lender (TML): UK specialist mortgage lender providing residential and buy-to-let products through intermediaries. Direct competitor to ColCap's Molo brand in the UK intermediary BTL channel.

Emerging players

• Landbay: UK specialist buy-to-let lender using peer-to-peer institutional funding for BTL mortgages via intermediaries. Comparable UK BTL intermediary originations strategy to ColCap's Molo, though smaller and capital-constrained.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/columbus-capital-pty-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Columbus Capital