Thinksmart (TSM)

Shares / Stock Code

TSM

Stock Exchange / Sharemarket

Australian Securities Exchange

ThinkSmart is an international leader and innovator in the provision of business-to-business (“B2B”) IT financing for transactions between A$500 and A$10,000 (“Nano-Ticket”). ThinkSmart’s core competency is to process high volumes of Nano-Ticket B2B fi nance transactions via its proprietary SmartCheck technology.

TSM was officially listed on the ASX on 4 June 2007. The company has secured a new three year agreement with the Coles Group's Officeworks chain for the providion of its RentSmart I.T. rental finance product which commences 1 July 2007.

ThinkSmart’s products fill the gap for small business and consumer customers between a credit card and bank loan, enabling them to get on-the-spot approval for the technology they need via a tax and cash flow friendly operating lease. It’s a niche that ThinkSmart, a growing business, is leading globally.

Currently trading in the United Kingdom, Spain, Italy, France, Australia & New Zealand, the ThinkSmart business was established in Australia 1996, recognising a gap in the market for meeting the needs of small businesses and retailers with a fast, fuss free finance solution that would enable businesses to get finance for the IT equipment they needed on-the-spot.

ThinkSmart’s initial product offering – the “RentSmart” rental finance product – worked for the small business customer because it gave them instant on-the-spot finance for vital business equipment, delivering tax and cash flow advantages whilst providing a flexible path for keeping up to date with technology.

Similarly it worked for the retail industry too, providing a fast effective way to service the B2B community who typically purchase more equipment on rental than they would on a cash deal.

The product quickly took hold in Australia and its success saw ThinkSmart ranked in the top 100 fastest growing business listing by BRW magazine for four years in succession.

It also saw ThinkSmart's Founder and CEO, Ned Montarello, receive the National Entrepreneur of the Year Award in 1998 in recognition of the work he had achieved in pioneering this new market.

In 2003 ThinkSmart expanded into the European market through an exclusive agreement with chains in the DSG International group, one of Europe's largest electrical retailers. The business has expanded with DSG in Europe operating with its UK, Spanish and Italian computer retailing stores and has also expanded into France.

Thinksmart (TSM) Products and Services

  • Business to business (B2B) IT financing

Thinksmart (TSM) Locations and Subsidiaries

Thinksmart Head Office
Level 1, The West Centre, 1260 Hay Street,
WEST PERTH, WA 6005
Phone: (08) 9463 7500
Fax: (08) 9463 7419

Thinksmart (TSM) Share Price

Submitted by ASX Listed Company on 14 April, 2010 - 21:52

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