In Australia, Bravure continues to grow and develop, leveraging its unique competence in intermediating relationships to achieve a better outcome for all parties.
In Australia, Kessler continues to grow and develop, leveraging its unique competence in intermediating relationships to achieve a better outcome for all parties.
Founded in 1998
Bravure (formerly Kessler Financial Services Australia Pty Ltd “KFSA”) was founded in 1998 in conjunction with a relationship with American Express to develop the affinity credit card market in Australia. KFSA quickly identified that the professional market was very responsive to affinity programs, and a number of associations endorsed products.
In the early 2000s, KFSA offered home loans (in partnership with AMP) and life insurance (in partnership with ING Australia, now OnePath) to the members of professional associations.
Additionally, KFSA has been involved in a number of key credit card programs in Australia, including advising Citibank in the acquisition of the Cuscal credit card portfolio, and supporting David Jones, Woolworths and Virgin Money in developing credit card partnerships with various Australian issuers.
The debt advisory business was launched in 2009 and is now involved with the sale of approximately 30% of all written off unsecured consumer debt sold in Australia each year. In 2017 KFSA launched an insolvency servicing division to optimise the entire lifecycle of personal insolvency cases and now has visibility of over 75% of personal insolvency cases on an annual basis.
In 2018, KSFA’s Boston-based parent The Kessler Group was acquired by ECN Capital. In early 2019, KFSA senior management completed a management buy-out of the Australian business and the company trading name was changed to Bravure.