12th August 2016 - Credit Connect

Mondo gets UK banking licence

12th August 2016 Consumer Collections |

Mondo has become the latest company to gain a banking licence from the Financial Conduct Authority (FCA). The bank will be available as a mobile phone app, will focus on digital current account services. Mondo was founded by Tom Blomfield, who has raised £1 million from a crowdfunding platform. The bank has also had about £7 million support…

Lowell GFKL Group acquires German collections company

12th August 2016 Consumer Collections |

Lowell GFKL Group has announced that it has acquired Tesch Inkasso, a German third party collections company. Lowell GFKL Group, backed by the Permira Funds and Ontario Teachers’ Pension Plan, has entered into an agreement to acquire Tesch Inkasso Group from Avedon Capital Partners and the other existing shareholders. Closing is subject to certain regulatory…

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Mondo gets UK banking licence

Lowell GFKL Group acquires German collections company

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