Stubben Edge Group, an innovative products and technology specialist is pleased to announce its latest acquisition of Finpoint, a credit brokering intermediary regulated by the FCA
The deal, following approval by the Financial Conduct Authority (FCA), is designed to broaden the range of services provided by Stubben Edge as well as the Company’s Independent Financial Advisers (IFAs) and brokers’ network. Building on the acquisition of smallbusiness.co.uk and growthbusiness.co.uk, this deal further expands the help Stubben Edge can provide brokers and IFAs to help them build a comprehensive proposition across insurance, loans, and cash for the Small and medium-sized Enterprises (SME) market.
Finpoint, is a trusted partner of the Federation of Small Businesses and UK Finance and, is also a delivery partner for various Chambers of Commerce and Growth Hubs. Its proprietary business financing platform enables SMEs to access various lending opportunities, disrupting the traditional broker market.
The platform, backed by cutting-edge technology, is efficient, transparent and free to use, making it the natural choice for SMEs looking to quickly and safely procure financing.
Finpoint’s online service checks a business’s eligibility for funding across the market using accounting and banking data, streamlining and reducing uncertainty surrounding the funding process. Then, businesses can easily choose between business loans, funding for equipment purchases, commercial mortgages and asset finance.
With an experienced team and complementary proprietary technology, Finpoint represents a new area of growth for Stubben Edge Group, expanding the offering for its customers.
Guy Bridge, CEO of Finpoint, notes, “We see the acquisition as a huge opportunity to grow the trusted approach that Finpoint has built up over the last few years as we integrate our offering into the Stubben Edge Group. We are excited about the significant potential we can achieve by combining the whole Finpoint team’s vast amount of experience in financial services, therefore allowing us to continue to raise our performance and continue to stand out from the crowd. I and the whole team, with many years’ experience in financial services are excited as to the significant potential that can be achieved which will see us continue to stand out from the crowd. Our complementary proprietary technology, along with excellent exclusive partner relationships will bring another welcome dimension as we will be the Credit Marketplace component of the broader Financial Services Marketplace that Stubben Edge Group has created. We are delighted to be part of the Stubben Edge Group.”
Chris Kenning, CEO of Stubben Edge Group, comments, “Finpoint and Stubben Edge have the same ethos and commitment to bettering financial services through technology and excellent customer service. This year has been an exciting year for the Group, we have had an extremely successful round of fundraising and, through careful and strategic acquisitions, are bringing a greater range of products and services to our brokers, IFAs and their SME customers.
“We are very excited to welcome Finpoint into Stubben Edge Group, providing our clients access to finance options which will help them start, run and grow their businesses with our exceptional team, tech and products via efficient and trusted platforms and services. In addition to the expertise of our editorial teams at smallbusiness.co.uk and growthbusiness.co.uk as they continue to navigate this challenging market.”