ECI portfolio company Make it Cheaper (‘MIC’) has acquired Think Business Finance, a fintech-driven commercial lending specialist for UK SMEs.
Chelmsford-headquartered Think Business Finance helps businesses to borrow money more cheaply and easily through a combination of state-of-the-art matching and tendering platforms and expert lending managers. Think Business Finance supports the full range of SME commercial lending requirements from commercial property to asset based, invoice finance, unsecured and short and medium-term funding. By acting as an intermediary between finance providers and SME borrowers, Think Business Finance can help them achieve better terms on their financing deals by matching them with the lender that best suits their financial situation.
This will be MIC’s fourth bolt-on acquisition since ECI invested in the Company in 2017 and strengthens MIC’s position as the leading provider of price comparison switching services to UK SMEs, including energy, telecommunications, insurance, and now finance.
Think Business Finance was founded and is managed by Jamie and Ian Stewart, who will be staying on to run the business.
MIC CEO Paul Galligan said:
At MIC we are building the leading platform for businesses to lower their costs on all their business essentials. Whether it’s energy, broadband or insurance, switching is a proven way of lowering bills. By partnering with Think Business Finance, we can now offer our customers even more ways to save time and money. This is our fourth bolt-on since partnering with ECI and we look forward to expanding our offering as we continue to grow the business.Paul Galligan MIC CEO
Jamie Stewart, CEO at Think Business Finance, added: