The Asset Exchange, a UK-based vehicle sales and finance specialist, secured £8m in growth capital financing.
BOOST&Co provided the debt financing.
The growth capital will enable the business to further expand its operations and expand customer demand.
Led by Alan Tomlin and Gareth Noonan, The Asset Exchange is an authorized consumer credit provider, offering vehicle financing options to customers that would not otherwise qualify for asset financing solutions.
All vehicle finance agreements offered are assessed on an individual basis, with affordability replacing credit score rating as the primary evaluation metric. In addition to offering credit solutions to this market, the company sells a wide range of affordable pre-owned cars.