Pivotal Growth has acquired Believe Money Group, a tech-driven mortgage broker in the UK.

Believe Money was founded by Ryan Wagstaff and Ian Johnson in 2017.

The broker has grown in the second charge mortgage market since then and is also provider of other financial products including unsecured lending, commercial and bridging finance, and protection insurance.

In 2019, the business merged with Click Tech, a fintech company developing AI-driven sourcing solutions.

As part of the merger, one of its founder members Dave Rogers joined the management team as chief technology officer.

It also provided Believe Money with an AI-powered CRM platform that has streamlined its customer journey and has seamlessly integrated with lenders and introducer partners.

Pivotal says that Believe Money’s strategic focus on the growing second charge mortgage market, coupled with its experienced management team, “makes it a highly attractive acquisition”.

Believe Money chief executive Ryan Wagstaff will continue to lead the business alongside chief commercial and marketing officer Ian Johnson and Dave Rogers, working closely with the Pivotal Growth team to drive the next phase of expansion.

Pivotal Growth group chief executive Mayank Prakash says: “Believe Money is an exceptional business that is a true leader in the second charge mortgage space and well-respected by the lender community and introducer partners.”

“The team has achieved significant growth driven by relentless focus on improving the customer journey through state-of-the-art technology it has developed internally. We are absolutely thrilled to partner with Ryan, Ian, and Dave to drive Believe Money’s growth and to explore the potential of these technologies across the group.”

Wagstaff adds: “We are thrilled to join Pivotal Growth as Believe Money enters the next chapter of its journey. With a shared commitment to innovation and technology, we see Pivotal Growth as the ideal partner to support Believe Money’s long-term success.”

“The additional strength and resources this acquisition brings allow us to remain focused on driving sustainable growth across Believe. Together, we are building on strong foundations and unlocking new opportunities for our dedicated team, valued clients, and trusted partners.”