Quilam has made a multi-million-pound investment into 1plus1 Loans limited, a technology-led niche consumer finance platform. The business was originally a finance broker, however they commenced lending about five years ago and are now poised for significant growth.
Founded and run by an entrepreneurial father and son team, 1plus1 provides guarantor loans to UK consumers. 1plus1 focusses on the affordability and the appropriateness of the loan, working hard to make sure their service, reliability and pay-out times are as quick and efficient as possible.
The investment made by Quilam Capital will help facilitate the next stage of growth for the business by supporting the team’s aspirations to expand their offering, invest in people and infrastructure, whilst maintaining a high-quality service proposition for its customers.
Commenting on the investment, Gary Mckenna, Director of 1plus1 says: “The business had reached a pivotal point, and so choosing the right strategic partner who was going to both support and challenge us going forward was a priority. The Quilam Team understood our business model intimately and having them as a partner ensures the business has a bright future ahead”.
Marc Sefton, Co-Founder and Partner of Quilam, says: “We have known the management team for a number of years and look forward to working closely with them supporting their ambitious growth plans.”
Since launching late last year, the Quilam team has made five investments totalling GBP20m of commitments across a range of businesses from genuine start-ups to well established platforms. The capital deployed has supported all aspects of the respective businesses’ balance sheet, from equity to senior debt.
However, the provision of capital is just the start of the journey with each investment, with the Quilam Team then focussed on enhancing each of company’s offering which is tailored for each business depending on their needs.
