Pivotal Growth has announced the acquisition of mortgage broker, Believe Money Group, for an undisclosed amount.
Founded by Ryan Wagstaff and Ian Johnson in 2017, Believe Money operates in the second charge mortgage market and provides other financial products including unsecured lending, commercial and bridging finance, and protection insurance.
In 2019, Believe Money merged with Click Tech, a fintech company developing AI-driven sourcing solutions, and the merger provided Believe Money with an AI-powered CRM platform that has streamlined its customer journey and seamlessly integrated with lenders and introducer partners.
Wagstaff, Believe Money’ CEO, will continue to lead the business alongside Johnson, who is the group’s chief commercial and marketing officer, and chief technology officer, Dave Rogers.
Pivotal Growth, a joint venture between LSL Property Services and Pollen Street Capital, launched in 2021 and is an independent alternative investment management company which aims to grow profitable mortgage and protection brokerages to help them build long-term sustainable value.
Group CEO of Pivotal Growth, Mayank Prakash, commented: “Believe Money is an exceptional business that is a true leader in the second charge mortgage space and well respected by the lender community and introducer partners.
“The team has achieved significant growth driven by relentless focus on improving the customer journey through state-of-the-art technology it has developed internally. We are absolutely thrilled to partner with Ryan, Ian, and Dave to drive Believe Money’s growth and to explore the potential of these technologies across the group.”
Wagstaff added: “We are thrilled to join Pivotal Growth as Believe Money enters the next chapter of its journey. With a shared commitment to innovation and technology, we see Pivotal Growth as the ideal partner to support Believe Money’s long-term success.
“The additional strength and resources this acquisition brings allow us to remain focused on driving sustainable growth across Believe. Together, we are building on strong foundations and unlocking new opportunities for our dedicated team, valued clients, and trusted partners.”
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