Pivotal Growth has announced the acquisition of Believe Money Group, one of the UK’s largest technology-led mortgage brokers.
The deal strengthens Pivotal Growth’s presence in the second charge mortgage market and builds on its position as a leading consolidator in the UK mortgage sector.
Founded in 2017 by Ryan Wagstaff and Ian Johnson, Believe Money has grown rapidly across second charge mortgages and other financial products, including unsecured lending, commercial and bridging finance, and protection insurance.
In 2019, the business merged with fintech Click Tech, bringing in Dave Rogers as chief technology officer and integrating AI-powered CRM technology into its operations.
The system supports more than 130 staff and generated revenues exceeding £20m in the last financial year.
Mayank Prakash, group chief executive officer of Pivotal Growth, said: “Believe Money is an exceptional business that is a true leader in the second charge mortgage space and well-respected by the lender community and introducer partners.
“The team has achieved significant growth driven by relentless focus on improving the customer journey through state-of-the-art technology it has developed internally.
“We are absolutely thrilled to partner with Ryan, Ian, and Dave to drive Believe Money’s growth and to explore the potential of these technologies across the group.”
Ryan Wagstaff, chief executive officer of Believe Money, said: “We are thrilled to join Pivotal Growth as Believe Money enters the next chapter of its journey.
“With a shared commitment to innovation and technology, we see Pivotal Growth as the ideal partner to support Believe Money’s long-term success.
“The additional strength and resources this acquisition brings allow us to remain focused on driving sustainable growth across Believe.
“Together, we are building on strong foundations and unlocking new opportunities for our dedicated team, valued clients, and trusted partners.”
The addition of Believe Money, alongside subsidiary The Loan Partnership, creates one of the largest second charge mortgage broking groups in the UK.
It marks Pivotal Growth’s 20th acquisition, giving it a network of more than 500 advisers and technology platforms designed to drive scale and innovation.
