Fintech firm gets fresh boost from Scottish Equity Partners

The TotallyMoney management team. Picture: ContributedThe TotallyMoney management team. Picture: Contributed
The TotallyMoney management team. Picture: Contributed
Credit fintech provider TotallyMoney has agreed £29 million of funding from Elliott Advisors and existing investor Scottish Equity Partners (SEP).

The investment will be used to accelerate customer acquisition, build out the London-based firm’s technology platform and “provide better credit for UK consumers”.

David Sneddon, a partner at SEP, said: “Our continuing support of TotallyMoney reflects our belief in the high growth potential of its data driven approach.

Hide Ad
Hide Ad

“Its technology-led products are creating strong competitive advantage, and this investment will ensure that the company remains at the forefront of a fairer credit market for consumers.”

Richard Monahan of Elliott added: “Credit intermediation is evolving rapidly and TotallyMoney is driving this change with its best-in-class technology platform and embedded position in the consumer finance ecosystem.

“We are thrilled to partner with SEP and the management team to significantly scale the business.”

Dare to be Honest
Follow us
©National World Publishing Ltd. All rights reserved.Cookie SettingsTerms and ConditionsPrivacy notice