1st Stop Group has revealed that its loan book has passed the £150 million mark on its second anniversary since equity investment from Pollen Street Capital.
The group has seen significant growth across its secured lending, car finance and personal loan products, lending £100m in the last 12 months.
1st Stop Group offers car finance loans, secured second charge mortgages and unsecured personal loans to UK customers, serving customers who are not able or not wishing to borrow from high street lenders.
Alex Mollart, founder and chief executive of 1st Stop Group, said: “We are excited to have achieved this milestone and recognise the valuable input from Pollen Street over the last two years, to enable us to grow the business in this way.
“We have ambitious plans for the future with a number of exciting products in development and look forward to working with Pollen Street to bring these to market.”
Matthew Potter, investment partner at Pollen street Capital, added: “We at Pollen Street seek out high quality partners, with the potential to grow their businesses and innovate in their chosen markets.
“1st Stop Group are a fantastic example of this, and we are delighted with the progress they have made by hitting this landmark. We look forward to continuing to work together, and we are excited to reach the next milestone.”
