Vision Blue, a company which offers software for the credit and debt recovery sectors, confirmed last Monday (April.15th) it has acquired Cardiff-based fast growth fintech company SamePage Group, for an undisclosed amount.
The acquisition comes after the success of a recent partnership that saw both companies work on a lifecycle Loan Origination and Account Management System (LMS) for the Green Deal finance company (GDFC).
SamePage is a pioneer in fully-digital Loan Origination software platforms. Their platform supports the entire origination lifecycle – from quotation to application, automated decisioning, through to fulfilment – across all platforms and devices.
Since its launch in 2017, it has grown to become one of the leading software platforms for businesses that operate in the financial services sector.
Colin Brown, managing director at Vision Blue, said: “Lenders are increasingly transitioning from cumbersome and inflexible legacy lending platforms to newly developed digital cloud-based solutions utilising current technologies and methodologies.
“SamePage’s entirely digital application and loan management solution enable customers to quickly deploy and easily maintain their lending products and processes whilst adapting and meeting regulatory requirements.
“The addition of SamePage to the Vision Blue portfolio now sets a new benchmark for ease of use, flexibility and rapid deployment.
“This is a really exciting acquisition for us, expanding our market reach and giving us immediate access to proven technology and market experts to deliver clients a leading end to end loan management platform.”
The company will, however, continue to be headquartered in Cardiff and will expand its current business and technical resources to help build on the success of the business.
Robert Evans, product director at SamePage said: “We are delighted to be joining the Vision Blue team; doing so will enable us to strengthen our products, services, and team while leveraging substantial business and technical resources already available within the group. Ultimately, we are all about delivering value to our customers and being part of Vision Blue significantly improves our ability to do just that.”