ClearScore homes in on mortgage market with Acre deal

One of Britain’s starring fiscal exertion companies volition connected Friday denote the acquisition of a owe assemblage tech level arsenic it further diversifies its gross basal up of a nationalist stock listing.

Sky News has learnt that ClearScore Group has struck a woody to get Acre Platforms for an undisclosed sum, a determination that volition accelerate its propulsion into the owe industry.

ClearScore, which has evolved from a credit-checking bureau concern into a broader supplier of fiscal marketplaces, acquired Aro Finance a twelvemonth ago, strengthening its beingness successful the proviso of secured loans.

The acquisition of Acre volition widen this presumption successful an effort to pat into ClearScore's 16 million-strong British idiosyncratic base.

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It past plans to bring its owe level to customers successful Australia, Canada, New Zealand and South Africa.

Run by Justin Basini, its co-founder and main executive, ClearScore's accelerated maturation has placed it firmly connected a way towards a banal marketplace flotation.

Mr Basini has urged the authorities to bash much to beforehand retail investing successful the UK successful bid to marque a much compelling lawsuit for the institution to database successful the UK alternatively than a rival overseas exchange.

In effect to an enquiry from Sky News, a ClearScore Group spokesperson said: "Acre is simply a strategical acquisition for the ClearScore Group, advancing our presumption successful mortgages and gathering connected our enlargement into secured loans successful 2025.

"Bringing Acre into the Group volition powerfulness our wide location lending capability, giving ClearScore a complementary exertion level successful the owe manufacture that sits alongside our existing planetary fiscal marketplaces.

"It volition besides supply further information streams, ensuring a richer acceptable of insights for ClearScore users."

In total, ClearScore has much than 25 cardinal users globally

It matches users to recognition cards, loans and car concern done the deployment of recognition and affordability data.