ClearScore strengthens mortgage strategy with acquisition of fellow London-based Acre Platforms

The ClearScore Group has acquired Acre Platforms, a London-based technology provider for the mortgage industry. This strategic move significantly bolsters ClearScore's presence in the mortgage sector, complementing its existing strengths in unsecured credit and secured loans. The acquisition signals a growing trend of consolidation within the European fintech landscape, as established players seek to expand their offerings through strategic takeovers. Acre Platforms brings a leading CRM platform for intermediaries, which will integrate with ClearScore's user-permissioned data and robust fintech infrastructure. This combination creates a powerful suite of technology and data assets that span unsecured credit, auto finance, and now mortgages. ClearScore, which serves over 25 million users globally, aims to leverage Acre's technology to enhance its home lending business and deliver improved user experiences in the mortgage market. This development occurs within a dynamic European fintech environment, where companies are actively innovating in housing finance. Recent funding rounds for firms like Spain's Libeen and the recognition of digital mortgage marketplaces such as Colibid highlight the sector's growth and the push to make home ownership more accessible through technology. ClearScore's acquisition of Acre represents an established fintech group's direct consolidation approach, contrasting with the venture-backed growth of newer market entrants.