This follows a significant loan upsize from OakNorth Bank
IN BRIEF:
MoneyPlus provides advice and support to heavily indebted consumers to get their finances and credit profiles back on track
It has grown to become one of the UK’s largest providers of private debt advice and planning analysing and generating reports aligned to international accounting standards
OakNorth initially provided a £6.5m loan to the group in September 2022
What does this mean?
Chris Davis, CEO and co-founder of MoneyPlus, commented: “At MoneyPlus, our services have helped to make life less complicated and expensive for thousands of people since our launch over a decade ago. We take pride in offering financial services that can help consumers overcome their troubles with debt once and for all, in addition to providing jargon free legal support that ensures someone is always on their side. As we continued to see a heightened demand for our services in 2023, which saw the demand for our services increase by more than 200%, we knew we could turn to Stewart and the team at OakNorth once again to provide us with the capital we needed to further accelerate our growth – both in terms of customer numbers and staff headcount. The speed at which they worked was key to getting the transaction over the line, meaning we are now perfectly positioned to support more people get themselves into a better financial position.”
