AssetCore Successfully Completes New Equity Fundraising

AssetCore Successfully Completes New Equity Fundraising

AssetCore, as a growing Fintech business in the social housing finance sector, provides technical solutions in the management of asset and loan security related analytics, processes and transactions. Since its launch in 2015, its unique platform and sector defined data structure has supported housing associations to manage their assets at a strategic level and link these directly to their funding arrangements. Current users include London & Quadrant, WM Housing, Richmond Housing Partnership and Peabody Trust as well as leading service providers and stakeholders in the sector.

New equity has been raised from a group of private and corporate investors led by Derek Joseph (Chair of Aquila and Altair) and Andrew Walsh, a successful software entrepreneur. Investors include Aquila Services Group plc, a stock exchange listed leading provider of services to the Housing Sector and a number of prominent sector individuals. Derek Joseph and Andrew Walsh will be joining the existing board of directors, all of whom have also contributed in this latest round of funding.

With revenues already covering fixed running costs, the new money will be applied to widening the functionality of the ‘system platform’ and the ability to interact with other housing sector IT systems.

Jacinta Balchin, AssetCore’s Executive Director, commented “This additional funding will enable AssetCore to implement an enhanced development programme to deliver a wider range of analytical reporting, User based entitlement and system interfaces. The new shareholders bring a strong combination of housing sector and technical expertise and we look forward to their support in delivering our ambitious growth plans.”

For more information on both AssetCore’s product and the new fundraising, please contact Jacinta at jacinta.balchin@assetcore.com

8th March 2018 - News