One of Britain’s leading financial technology companies will on Friday announce the acquisition of a mortgage sector tech platform as it further diversifies its revenue base ahead of a public share listing.
Sky News has learnt that ClearScore Group has struck a deal to acquire Acre Platforms for an undisclosed sum, a move that will accelerate its push into the mortgage industry.
ClearScore, which has evolved from a credit-checking agency business into a broader provider of financial marketplaces, acquired Aro Finance a year ago, strengthening its presence in the provision of secured loans.
The purchase of Acre will extend this position in an attempt to tap into ClearScore’s 16 million-strong British user base.
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It then plans to bring its mortgage platform to customers in Australia, Canada, New Zealand and South Africa.
Run by Justin Basini, its co-founder and chief executive, ClearScore’s rapid growth has placed it firmly on a path towards a stock market flotation.
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Mr Basini has urged the government to do more to promote retail investing in the UK in order to make a more compelling case for the company to list in the UK rather than a rival overseas exchange.
In response to an enquiry from Sky News, a ClearScore Group spokesperson said: “Acre is a strategic acquisition for the ClearScore Group, advancing our position in mortgages and building on our expansion into secured loans in 2025.
“Bringing Acre into the Group will power our overall home lending capability, giving ClearScore a complementary technology platform in the mortgage industry that sits alongside our existing global financial marketplaces.
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“It will also provide additional data streams, ensuring a richer set of insights for ClearScore users.”
In total, ClearScore has more than 25 million users globally
It matches users to credit cards, loans and car finance through the deployment of credit and affordability data.
