Make It Cheaper acquires Think Business Loans
ECI portfolio company Bionic has acquired Think Business Loans, a fintech-driven commercial lending brokerage for UK SMEs.
Essex based Think Business Loans assists small to medium enterprises with borrowing money more cheaply and easily through a combination of human expert lending managers and world beating technology
Think Business Loans provides a range of commercial funding solutions, 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 Loans is able match SME’s with a lender that best suits their financial situation and help them achieve better terms on their financing deals.
Jamie Stewart, CEO at Think Business Loans, said “We are excited to partner with Bionic. Joining forces will enhance our product offering, helping our customers save even more, while at the same time Bionic will be able to provide our customers with more solutions to help them run their businesses more efficiently.”
This will be Bionics fourth bolt-on acquisition since ECI invested in the Company in 2017 and strengthens Bionics position as the leading provider of price comparison switching services to UK SMEs, including telecommunications, energy, insurance and now finance.
Think Business Loans was founded and is managed by Jamie and Ian Stewart, who will be staying on to run the business.
MIC CEO Paul Galligan added “At Bionic 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 Loans, 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.”
