We have advised Intelligent Lending on its acquisition of TotallyMoney, an award-winning FinTech business focused on helping the UK’s 23 million financially under-served adults unlock a life of more choices.
An industry leader in open banking and credit reporting, TotallyMoney believes that people’s data should work for them, not against them. This free finance app provides personalised insights, plans, and product recommendations to help its customers create financial momentum.
Following its acquisition by Intelligent Lending, TotallyMoney will join two other innovative, market-leading businesses within Intelligent Lending, Ocean and CredAbility. With customers benefiting from the shared expertise in data, technology, lending, and financial advice.
Established in 1991, Ocean has become a household name for providing a range of personal finance products, including credit cards, loans, and motor finance, to millions of consumers across the UK. CredAbility is an app that helps users understand and improve their credit scores and financial well-being through weekly updates and tailored guidance, also offering users a range of financial solutions that best suit their borrowing power from a panel of more than 60 lenders.
Our team advised Intelligent Lending on structuring its offer, obtaining a period of exclusivity and running an efficient diligence process ahead of achieving rapid FCA approval.
