As you often hear from us about our fintech deals, we thought we’d showcase an entirely different sector, one in which the UK has always been at the forefront across the globe.
Our client has just completed their funding round, this being the concluding element to a merge between themselves and a similar sized competitor. The capital raise is further supported by the Government’s Future Fund and will result in new capital in excess of £1 million moving into 2021.
Founded in 2011 by a highly experienced vehicle recovery team, our client has developed an online CRM platform offering logbook loans to creditworthy non-prime customers who do not fit standard credit scoring underwriting models.
Our client owns and operates a profitable, fast growing Hotel group. Historically known for buying and redeveloping branded hotels, including Ibis, Best Western and Travelodge, they are now able to acquire much larger hotels and are committed to taking their portfolio to £100 million in assets over the next 3-5 years.
The management team of our client come with exceptional pedigree; senior management from one of the most successful car finance companies ever seen in the UK and the founder of the most successful lead generation business in the UK operating in the personal loans sector.