Parent company shifts focus to technology platform
Fintech lender MPowered Mortgages will stop accepting new loan applications as its parent company, MQube, undertakes a major restructuring.
MQube, which launched in 2019, will now separate its technology and lending operations, concentrating exclusively on expanding its artificial intelligence platform internationally.
The group is exploring options to divest MPowered and has appointed a corporate advisor to manage the process. MPowered will continue to support existing mortgage customers and broker partners, with proactive communication to keep them informed of any changes.
“The growth of both MQube and MPowered has been truly phenomenal,” said Stuart Cheetham (pictured top), chief executive of MQube. “MPowered has shown what’s possible when cutting-edge technology meets high-quality mortgage lending. The team has set new standards for speed, efficiency, and customer experience.
“Our focus now is on making that technology available to lenders around the world. This move will enable both businesses to achieve their full potential.”
Since its inception, MQube’s proprietary AI platform has enabled MPowered to become one of the UK’s fastest-growing mortgage lenders, completing over £1.3 billion in prime lending. Earlier this year, MPowered introduced the One Day Mortgage to the UK market.
In October, MQube became the first company in Europe to tokenise £1.3 billion of mortgage debt on the blockchain, positioning itself to support digital trading of mortgage assets.
With global investment in artificial intelligence projected to exceed $1.5 trillion in 2025, and new regulatory frameworks emerging for digital assets, MQube is adjusting its strategy to scale its technology, broaden its industry reach, and pursue growth in international markets.
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