ECI portfolio company Make it Cheaper (MIC) has acquired Think Business Finance, a commercial lending specialist for UK SMEs.
Think Business Finance, which is headquartered in Chelmsford, helps small and medium sized businesses borrow money by acting as an intermediary between them and finance providers, matching them with the lender that best suits their financial situation.
This is the fourth bolt-on acquisition by MIC since ECI invested in the business in 2017 and adds finance to its range of price comparison switching services for UK SMEs, which also include energy, telecommunications and insurance.
The business was founded and is managed by Jamie and Ian Stewart, who will be staying on to run the business.
Paul Galligan, CEO of MIC, said: “At MIC we are building the leading platform for businesses to lower their costs on all their business essentials. Whether it’s energy, broadband or insurance, switching is a proven way of lowering bills. By partnering with Think Business Finance, we can now offer our customers even more ways to save time and money.”
Richard Chapman, Partner at ECI, added: “MIC is already generating excellent organic growth and today’s platform deal will help the company serve even more SMEs than before. We look forward to supporting MIC as it becomes the UK’s number one switching provider for ambitious, entrepreneurial businesses.”