Vehicle sales and finance specialist, The Asset Exchange, has secured £8 million in growth capital funding from BOOST&Co.
The Asset Exchange is an authorised consumer credit provider, offering vehicle financing options to customers that would not otherwise qualify for asset financing solutions, and also selling a wide range of pre-owned vehicles.
Under the leadership of industry stalwarts Alan Tomlin and Gareth Noonan, the company has achieved significant growth and market development in the last two years, and the growth capital provided by BOOST&Co will enable the business to further expand its operations and meet increased customer demand.
Lance Mysyrowicz, partner and CEO of BOOST&Co said: “The Asset Exchange occupies an essential niche in the market, providing vehicles and finance to people who would not normally have access to them.
They are a great example of the kind of innovative and entrepreneurial businesses that can benefit and grow with our specialist support, and we’re excited to be working with the company’s well-respected management team in helping them to achieve their growth and expansion plans.”
Commenting on the £8 million growth capital loan, Asset Exchange CEO Alan Tomlin said:
“I am delighted to have finalised the funding with BOOST&Co, providing me with the necessary finance to grow my business. I was extremely impressed with the speed and professionalism shown by their team throughout the process, and look forward to working with them during our growth phase.”