April 26, 2025 - 04:32
In a significant move to enhance its portfolio, iO Finance Partners has successfully acquired Seneca Trade Finance in a deal valued at £40 million. This acquisition positions iO Finance to broaden its financial services offerings and strengthen its market presence.
Seneca Trade Finance is known for its effective management of nearly 300 companies, providing essential financial support to businesses in various sectors. The firm specializes in offering a maximum facility of £300,000, with an average loan amount hovering around £100,000. This focus on facilitating access to capital enables small and medium-sized enterprises to thrive and grow in a competitive landscape.
The acquisition is expected to drive synergies between the two companies, allowing them to leverage their combined expertise and resources to better serve their clients. As iO Finance Partners continues to expand its capabilities, the integration of Seneca Trade Finance is anticipated to create new opportunities for innovation and improved service delivery in the financial sector.
