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Aryza makes new fintech acquisition
The financial platform provider, Aryza, has acquired HubSolv in its second acquisition of 2021.
Senior Journalist covering the Credit Strategy, TRI News and Reward Strategy brands.
Senior Journalist covering the Credit Strategy, TRI News and Reward Strategy brands.
HubSolv offers automated tools designed to improve case management, engagement and customer onboarding in the personal insolvency industry, and currently services 90% of companies in that market.
In 2019, HubSolv was approved by the Financial Conduct Authority as a registered account information service provider (RAISP), allowing them to integrate open banking functionality within their systems.
HubSolv’s case management system is designed for insolvency and debt management, debt recovery and collections and in 2019, was ranked in Deloitte’s UK Technology Fast 50.
Fraser Hamilton, chief executive of HubSolv, said: “The acquisition provides a great opportunity for HubSolv to accelerate product innovation and growth. It made perfect sense to combine forces with so many product overlaps between HubSolv and Aryza.”
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