Cheshire fintech, Suits Me, has expanded its operations by acquiring the Engage business from Solaris, formerly known as Contis, in an undisclosed deal.
- The acquisition will transition all Engage Card customers to Suits Me, marking a step towards becoming the UK’s leading inclusive financial services provider.
- Engage Card, a Visa debit card available via Community Banks and Credit Unions, caters to all financial situations.
- Matthew Sanders, CEO of Suits Me, sees this as an opportunity to further their mission of accessible banking.
- The transition includes issuing new cards post-Christmas and transferring balances by mid-January.
In a move that underscores its growth ambitions, Suits Me has acquired the Engage business from Solaris, previously known as Contis. This strategic acquisition is aimed at migrating all Engage Card customers’ accounts to Suits Me, positioning it as a significant player in the realm of inclusive financial services in the UK. The financial terms of the deal remain undisclosed, but the impact is expected to be substantial.
The Engage Card is a Visa debit card and account service that reaches a broad audience, ensuring no barriers for users regardless of financial standing. This aligns with Suits Me’s mission of making banking more inclusive and accessible to everyone, a mission further propelled by this acquisition. “We are thrilled to welcome Engage Card customers to the Suits Me family,” stated Matthew Sanders, CEO of Suits Me Limited, emphasizing the growth potential and alignment with their overarching goals.
Suits Me intends to uphold and expand on the initiatives previously undertaken by Engage, particularly through collaborations with Community Banks and Credit Unions. This effort will bolster the company’s foothold in promoting financial inclusivity, offering tools and services that cater to a diverse customer base. Sanders mentioned their commitment to enhance partnerships and build upon Engage’s efforts, ensuring customers have the financial resources necessary for their everyday needs.
Current users of Engage Card can expect a seamless transition, with new cards scheduled for issuance after the Christmas period. By mid-January, the migration will complete with the transfer of customer balances to Suits Me. This meticulous approach is designed to provide continuity and maintain customer trust during the transition process.
The acquisition of Engage Card by Suits Me reflects a significant stride in the fintech’s inclusive banking mission.
