Invus Opportunities, the global equity investor, has made a substantial, long-term investment in听ClearScore, the UK鈥檚 leading credit marketplace.听
ClearScore听currently serves over 14 million customers worldwide, on three continents.听
The 拢144m听investment,听at a valuation of听拢500m,听will drive expansion at a听company with听long-standing profitability.听
Invus Opportunities is an investment firm that specifically takes long-term and significant positions in companies where they believe in both the management of the organisation and the fundamentals of the business, and where they can make a significant impact. 听
The investment is a mix of primary and secondary, with existing investors听鈥撎齉ED, Blenheim听Chalcot听and听LeadEdge听鈥� together with management, retaining听the majority of听their positions in听ClearScore, whilst allowing Invus Opportunities to take a significant minority position in the company.听
The deal sees Benjamin Tsai of Invus Opportunities joining the听ClearScore听board, with co-founders Nigel Morris remaining as Chairman and Justin Basini continuing as Chief Executive.听
Justin Basini, co-founder and CEO,听ClearScore,听said:听“We welcome Invus Opportunities to the board and look forward to working with their team as we continue to grow听ClearScore听in the UK and internationally.听听
鈥淎s one of the only profitable UK FinTech business operating at real scale, we didn鈥檛 need to raise money, but rather we chose to partner with Invus. We made this decision as a team because of Invus鈥� track record of working strategically over the long term with their businesses to recognise global opportunities, whilst delivering superior services to consumers. 听
鈥淚 have been incredibly impressed with Invus鈥� insight and I鈥檓 looking forward to working closely with them to deliver our vision, that听ClearScore听will become an indispensable financial partner to millions more users around the world.鈥�听
Tsai commented:听鈥淲e partner best with ambitious companies who are committed to making a positive impact on the lives of their customers.听听
鈥淔or us,听ClearScore听does this exceptionally well, as evidenced by their innovative product offering and ever-growing user base.听听
鈥淲e see huge potential in the business, already sustainable and profitable, and are excited to be involved in the听ClearScore听journey.鈥�听