Pollen Street-backed venture buys UK mortgage broker Believe Money

Pivotal Growth, a joint venture between LSL Property Services and Pollen Street Capital, is acquiring UK mortgage broker Believe Money.

Believe Money’s strategic focus is on the second charge mortgage market and reported revenues of more than £20m in its last financial year.

In 2019, the business merged with Click Tech, a fintech company developing AI-driven sourcing solutions, enabling it to streamline its customer journey.

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The firm’s co-founders Ryan Wagstaff and Ian Johnson will continue to lead the business in the roles of chief executive and chief commercial and marketing officer respectively, alongside Click Tech’s Dave Rogers as chief technology officer.

“Believe Money is an exceptional business that is a true leader in the second charge mortgage space and well-respected by the lender community and introducer partners,” said Mayank Prakash, group chief executive of Pivotal Growth.

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“The team has achieved significant growth driven by relentless focus on improving the customer journey through state-of-the-art technology it has developed internally. We are absolutely thrilled to partner with Ryan, Ian, and Dave to drive Believe Money’s growth and to explore the potential of these technologies across the group.”

Wagstaff added: “We are thrilled to join Pivotal Growth as Believe Money enters the next chapter of its journey. With a shared commitment to innovation and technology, we see Pivotal Growth as the ideal partner to support Believe Money’s long-term success. The additional strength and resources this acquisition brings allow us to remain focused on driving sustainable growth across Believe. Together, we are building on strong foundations and unlocking new opportunities for our dedicated team, valued clients, and trusted partners.”

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