
Financial Services Net
Financial Services Net owns and operates online portals for financial services.
Date | Investors | Amount | Round |
---|---|---|---|
£9.0m Valuation: £9.0m | Acquisition | ||
Total Funding | 000k |
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In 1999, as the dot-com era was in full swing, two founders, Stephen a and Mark P, saw an opportunity in the burgeoning online space for financial services. They launched financialservices.co.uk, a platform designed to be a comprehensive financial marketplace for UK consumers. The idea was to create a digital one-stop-shop where users could compare and apply for a wide range of financial products, from loans and mortgages to insurance. The company focused on building a robust network of financial providers and presenting their offerings in a clear, accessible way. This approach demystified complex financial decisions for everyday people, allowing them to find the best rates and terms available. The platform operated on a lead generation model, earning revenue by connecting qualified consumers with financial institutions. A significant chapter in the company's journey came in December 2003 when it was acquired by the multinational credit information group Experian for £8 million. This acquisition marked a major milestone, providing Financial Services Net with the resources and backing of a global leader in data and analytics. The move allowed the platform to be integrated into Experian's broader suite of consumer services, enhancing its reach and capabilities within the competitive UK financial services market.