Intelligent Lending has announced the strategic acquisition of fintech TotallyMoney, a leading open banking enabled, free credit report provider and personal finance app:
TotallyMoney will join Intelligent Lending’s businesses; CredAbility and Ocean, and together create a leading provider of financial services in the UK
The acquisition means the group will grow to 250 staff based in Manchester, London, Cyprus, and Italy, with a growing customer base of more than seven million
TotallyMoney will sit alongside Intelligent Lending’s other brands, with the award-winning app continuing to help its customers improve their financial wellbeing
The announcement comes as Intelligent Lending strengthens its proposition as the UK’s leading platform for fair and affordable financial products and services, and ahead of the group’s international expansion.
On the acquisition of TotallyMoney, Simon Kay, Chair of Intelligent Lending comments:
“We’ve been super-impressed with the dedication of the team in developing cutting-edge technology that will complement the work we’re doing at CredAbility and Ocean. TotallyMoney’s mission is closely aligned with ours, and we look forward to helping even more people improve their financial wellbeing.”
Alastair Douglas, TotallyMoney CEO adds:
“Joining Intelligent Lending signals the start of an exciting new chapter for TotallyMoney, our staff, and our customers. Having met the team, it’s clear that the culture and vision of Intelligent Lending fits very well with our own.
“The other forward-thinking financial services businesses within the group have a real focus on supporting the UK’s 23 million financially under-served adults. And like us, they put their customers first, and use technology and data to help people manage their money and improve their financial future.
“This comes at an important time, because while inflation has fallen drastically from its October 2022 peak, things are more difficult than ever for millions of households across the UK. So, helping people build their credit scores and clear debt by putting them in control of their own financial data is a real priority.
“Our shared experience, insights, and expertise will provide great opportunities for collaboration and innovation, with our customers being the ultimate winners. We’re looking forward to kick-starting the next stage of growth for TotallyMoney, so we can make an even better and bigger positive impact on the lives of millions of financially under-served adults.”
