The firm said it wants to build up its mortgage and technology solutions to meet the requirements of the fast-moving credit marketplace. The acquisition of Gateway2Finance also provides it with the necessary licensing to access the loans broker price opinion (BPO) market.
Gateway2Finance matches borrowers with lenders for unsecured and secured personal loans. The broker will continue to be led by Paul and Zoe Jackson following the takeover.
Equinity chief executive Guy Wakeley said: “Both businesses are strongly aligned with the group strategy of providing regulatory-driven, technology-enabled services, primarily to the financial services sector, and will contribute to organic growth as we leverage our cross-sell opportunities to existing clients.”