Cheshire fintech Suits Me has taken a significant step by acquiring Engage business from Solaris.
- The acquisition will see Engage Card customers migrated to Suits Me’s platform.
- Suits Me is aiming to become a leading provider of financial services in the UK with this move.
- Engage Card caters to diverse financial backgrounds via Community Banks and Credit Unions.
- New cards and account transitions for Engage users are scheduled post-holiday season.
In a strategic move to expand its footprint in the UK financial services sector, Cheshire-based fintech firm Suits Me has acquired the Engage business from Solaris. This acquisition includes the migration of all customer accounts associated with the Engage Card to Suits Me’s platform. Suits Me has strategically positioned itself to integrate and grow its customer base through this acquisition, aligning with its mission to enhance financial inclusion across the United Kingdom.
Engage Card, known for providing Visa debit card and account services regardless of financial standing, is widely used through Community Banks and Credit Unions. This acquisition allows Suits Me to continue fostering financial inclusivity by leveraging Engage’s established relationships and customer base. The CEO of Suits Me, Matthew Sanders, conveyed enthusiasm for this growth opportunity and reaffirmed the company’s commitment to accessible banking solutions.
Sanders stated, “We are thrilled to welcome Engage Card customers to the Suits Me family. This acquisition is not only an exciting growth opportunity for us, but it also aligns perfectly with our core mission: to make everyday banking more accessible and inclusive.” Such statements underscore Suits Me’s commitment to maintaining and building upon Engage’s efforts with community banking institutions.
Suits Me is preparing for a seamless transition plan for Engage users. After the holiday season, customers will be provided with new Suits Me cards, with the migration of their account balances set to occur by mid-January. The transition indicates Suits Me’s intention to preserve continuity in service while enhancing user experience for Engage’s clientele.
This acquisition marks a pivotal step for Suits Me in its mission to lead inclusive banking in the UK.
