ClearScore, the London-based fintech known for its credit score services, has acquired Acre Platforms, a UK platform specializing in mortgages.

Acquisition Details

The acquisition of Acre Platforms, which employs 47 staff, will enable ClearScore to route mortgage demand from its millions of users into Acre’s mortgage broker ecosystem. ClearScore plans to leverage Acre's tech across its businesses in South Africa, Australia, New Zealand and Canada. The financial terms of the deal were not disclosed.

Expansion Strategy

This strategic move marks ClearScore’s first foray into the mortgage market and follows its acquisition of Aro Finance in 2023. Previously, in 2022, ClearScore acquired Money Dashboard, an Edinburgh-based online budgeting service. The goal is to further diversify its range of financial services.

Justin Basini, co-founder and CEO of the ClearScore Group, said that the acquisition will accelerate the company's strategy in the mortgage sector, thanks to Acre's technology powering the home lending division.

Justus Brown, CEO of Acre, added that joining the ClearScore Group represents a step forward in the company's evolution, with the aim of becoming the leading technology platform for the mortgage industry.