The automotive finance firm, Asset Exchange, has secured £8 million in capital funding from BOOST&Co.
The Asset Exchange offers vehicle financing options to customers that would not otherwise qualify for asset financing solutions. In addition the company sells a wide range of affordable pre-owned cars. The company, under the leadership of Alan Tomlin and Gareth Noonan, obtained the growth capital from BOOST&Co to enable the business to further expand its operations and meet increased customer demand.
Lance Mysyrowicz, CEO of BOOST&Co commented, “The Asset Exchange occupies an essential niche in the market, providing vehicles and finance to people who would not normally have access to them. They are a great example of the kind of innovative and entrepreneurial businesses that can benefit and grow with our specialist support, and we’re excited to be working with the company’s well-respected management team in helping them to achieve their growth and expansion plans.”
Asset Exchange CEO Alan Tomlin added, “I am delighted to have finalised the funding with BOOST&Co, providing me with the necessary finance to grow my business. I was extremely impressed with the speed and professionalism shown by their team throughout the process, and look forward to working with them during our growth phase.”
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