The Money Group is looking to raise “at least” £250,000 through the selling of business equity.

Only existing ‘Money’ brands or those in the process of joining the group will be able to take part in the private placing currently.

If successful, the fundraise will net a total of £1m across the group for investment, which it says will be used to accelerate growth through acquisitions as well as the development of its existing proposition.

It adds that it will also look to create different revenue streams, with The Money Group director and co-founder Martin Stewart saying: “The sector is in a very good place after what has been a turbulent year but it is hard to argue against the fact that many changes are coming our way… as a business, we want to be prepared and on the front foot at the earliest opportunity.”

Stewart continues: “We feel that now is the time for TMG to make its move… we have two game changing appointments who mirror our own ethos and ambition and who come to us bristling with creativity.

“We now want to move the business forward at pace and we are under no illusions that building scale requires resource. We have funded the business throughout from our own pockets but from day one our main business focus has been one of collaboration and we are now about to put that firmly in to practice.”

And director and co-founder Scott Thorpe comments: “All monies raised will be reinvested directly in to ongoing and future projects that we are currently assessing.

“We have a very clear vision of where we want to go and this will include acquisition of businesses and developing our own lending proposition.

“We also have some great development plans to help support our current and new firms as they themselves prepare for their own growth.”