Brad Liebmann, the Managing Director of Xbridge Limited said: “We are delighted to make this acquisition which confirms us as the leading provider of online finance and insurance services. The Finexia network of lenders and clients is extremely complimentary to that of Xbridge. Our joint partners will benefit substantially from the greater scope and opportunities this transaction creates. We can now provide an even greater potential client pool and network of distribution partners for our financial provider base. For our business customers seeking finance we can offer a more tailored service with access to even more lenders.”
Diana Layfield, the Chief Executive of Finexia Limited said: “The online commercial financing and insurance industry is seeing exciting growth in both usage and value. Xbridge-Finexia is clearly the ideal combination to lead this growth sector and to continue to deliver increasing value to financial providers and businesses.
