The latest purchase of shares follows ColCap’s initial acquisition of an 80% stake in Molo in March 2023, as part of ColCap’s strategy to expand its footprint in the UK and Australian mortgage markets. The two companies have been in a strategic partnership since 2022.
Despite the acquisition, Molo will continue to operate under its current management team and focus on digital origination of innovative mortgage products in the UK. The company aims to leverage ColCap’s funding resources and mortgage product expertise to drive growth.
“Our acquisition of Molo marks a significant milestone in ColCap Group’s strategic direction, fusing UK industry expertise with ColCap’s established strength and unwavering support for the UK leadership team,” said Andrew Chepul (pictured right), co-founder and chief executive of ColCap.
“With complete ownership and our longevity and experience as an organisation, we are dedicated to propelling Molo towards its full potential under the guidance of Matt Kimber (pictured left) as Molo’s CEO and Esther Morley as ColCap UK’s executive director and COO.”
Kimber said the further strengthening of their relationship with ColCap presents many exciting opportunities for Molo.
