MQube has announced a major restructuring as it prepares to scale its proprietary technology internationally and capitalise on the growing global demand for AI-driven financial infrastructure.
Following a strategic review, MQube will separate its technology and lending divisions, allowing the business to focus exclusively on its core AI-native platform.
The restructuring aims to support MQube in expanding its technology offering globally, including its recently launched mortgage tokenisation capability.
As part of the changes, MQube is exploring divestment options for its lending arm, MPowered, and will appoint a corporate adviser to oversee the process.
MPowered will stop accepting new loan applications but will continue to support existing mortgage customers and broker partners, who are being contacted directly.
Stuart Cheetham, CEO of MQube, said: “The growth of both MQube and MPowered has been truly phenomenal, supported by a fantastic team of people, our MQube and MPowered family.
“MPowered has shown what’s possible when cutting-edge technology meets high-quality mortgage lending.
“The team has set new standards for speed, efficiency, and customer experience.
“Our focus now is on making that technology available to lenders around the world. This move will enable both businesses to achieve their full potential.”
