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Stubben Edge widens offering via Finpoint acquisition

Stubben Edge widens offering via Finpoint acquisition | Insurance Business UK

Stubben Edge widens offering via Finpoint acquisition

“Finpoint and Stubben Edge have the same ethos and commitment to bettering financial services through technology and excellent customer service.”

Those were the words of Stubben Edge Group chief executive Chris Kenning when the company announced its swoop for free-to-use business financing platform Finpoint, in a deal aimed at expanding the line-up of services offered by the company and its network of independent financial advisers (IFAs) and brokers.

“This year has been an exciting one 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 (small- and medium-sized enterprises) customers,” highlighted Kenning.

“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.”

The transaction, financial terms of which were not disclosed, follows the arrival of smallbusiness.co.uk and growthbusiness.co.uk.

“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,” commented Finpoint CEO Guy Bridge. “We are excited about the significant potential we can achieve by combining the whole Finpoint team’s vast amount of experience in financial services, enabling us to raise our performance and 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.”