ThinkSmart Ltd,
(ASX:TSM) a leading international computer and office equipment financing company has signed a wholesale funding agreement with UK owned company Secure Trust Bank.
The three-and-a-half year agreement with Secure Trust Bank positions Secure Trust as ThinkSmart’s primary business-to-business funder to their profitable and growing UK operations, which has exclusivity on business-to business rental finance with PC World.
ThinkSmart CEO, Ned Montarello says the agreement with Secure Trust bank gives ThinkSmart additional capability in the UK at a time of significant opportunity.
Montarello is confident the company will grow their product offering to small and medium sized businesses in the UK and also launch their product to the consumer segment of the market.
ThinkSmart reported a profit of $3.2million for the 2008 calender year.
