Specialist consumer lender 1st Stop Group has passed £200 million of outstanding loans.
The business is a portfolio company of Pollen Street Capital, the independent alternative asset investment management company. It has reached this milestone following growth across its secured lending, car finance and personal loan products, lending over £100m in the last 12 months.
Alex Mollart, chief executive of 1st Stop Group, said: “We are excited to have achieved this milestone and recognise the valuable input from Pollen Street over the last three years, to enable us to grow the business in this way.
“We have ambitious plans for the future with a number of exciting products in development and look forward to working with Pollen Street to bring these to market.”
Matthew Potter, investment partner at Pollen street Capital, added: “Pollen Street seeks out high quality partners with the potential to grow their businesses and innovate in their chosen markets. 1st Stop Group are a fantastic example of this, and we are delighted with the progress they have made by hitting this landmark.
“We look forward to continuing to work together, and we are excited to reach the next milestone.”