Intelligent Lending, a Manchester-based financial services provider, has successfully acquired the credit scoring and personal finance app TotallyMoney.
This acquisition expands Intelligent Lending’s workforce to 250 employees across Manchester, London, Cyprus, and Italy, serving a growing customer base of over seven million users. TotallyMoney will integrate into Intelligent Lending’s portfolio, which includes the credit scoring service CredAbility and the fintech division Ocean, known for offering credit cards and comparison services for loans, mortgages, and automotive financing.
The acquisition aligns with Intelligent Lending’s strategic plans for international expansion, set to launch within the year, with several countries already identified as potential markets for growth.
Simon Kay, chair of Intelligent Lending, expressed enthusiasm about the acquisition: “We are extremely impressed with the commitment of the TotallyMoney team in developing innovative technology that will enhance our offerings at CredAbility and Ocean. Their mission closely mirrors ours, and we are eager to collaborate in improving financial wellness for even more individuals.”
Specific financial details regarding the acquisition have not been disclosed.