Clearscore Snaps Up London Mortgage Outfit Acre Platforms
ClearScore, the London-based fintech that provides credit score services, has acquired UK mortgage platform Acre Platforms, as it looks to diversify its offering. The move marks ClearScore’s first move into mortgages and follows its move last year into secured loans with its acquisition of Aro Finance.
London-based ClearScore also acquired Edinburgh-based online personal budgeting service Money Dashboard in 2022. Acre bills itself as an end-to-end mortgage platform for brokers.
ClearScore says the purchase of London-based Acre, which has 47 staff, for an undisclosed amount, will mean it can route mortgage demand from its millions of users into Acre’s mortgage broker ecosystem. ClearScore says it will leverage Acre's tech across its businesses in South Africa, Australia, New Zealand and Canada.
Justin Basini, co-founder and CEO of the ClearScore Group, said: "The acquisition allows us to accelerate our mortgage strategy with Acre technology powering our home lending business and helping us deliver compelling new experiences for our users.”
Justus Brown, CEO, Acre, said: "Our data-driven approach has led us to building a platform that’s transformed brokers' businesses in the UK. Joining the ClearScore Group is an exciting next step in our evolution that allows us to accelerate our drive to become the leading tech platform for the mortgage industry."
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