ColCap Financial Limited has acquired the remaining 20% of shares in Molo Tech Limited.
The digital mortgage lender is now a wholly-owned subsidiary of ColCap.
This follows ColCap’s purchase of an 80% shareholding in Molo in March 2023, marking the continuation of the firm’s work to bring new products and services to the UK and Australian mortgage markets.
The two companies originally entered a strategic partnership in 2022.
ColCap’s co-founder and CEO Andrew Chepul (pictured above, right) said: “Our acquisition of Molo marks a significant milestone in ColCap Group’s strategic direction, fusing UK industry expertise with ColCap’s established strength and unwavering support for the UK leadership team.
“With complete ownership and our longevity and experience as an organisation, we are dedicated to propelling Molo towards its full potential under the guidance of Matt Kimber as Molo's CEO, and Esther Morley as ColCap UK’s executive director and COO.”
Matt (left) added: “This further strengthening of our relationship with ColCap presents us with many exciting opportunities.
“With the firm’s support, we will further enhance the service we provide to our customers and brokers.
“Our recent expansion into non-resident and expat BTL lending shows our commitment to product innovation — and this is just the beginning.
“We are eager to enhance our offering to customers and brokers by introducing even more innovative lending solutions and further streamlining the mortgage process.”
