Nottingham software firm takes stake in Brum debt management company

Nottingham-based software firm Aryza has invested in Birmingham firm Back to Credit, which offers debt management plans.

Aryza incorporates technology such as open banking, AI-informed decision making and customer platforms into its software.

Colin Brown, CEO of Aryza, said: “By partnering with Lily and her team and leveraging their in-depth knowledge of their sector, we will be able to use our software solutions to fully automate the debt management journey. This will help put Back to Credit at the leading edge of innovation and will increase Aryza’s power and coverage across what will become a growing sector. Working this closely with a debt solution firm takes the idea of being a partner to our customers to the next level.”

Lily Bhandal, CEO of Back to Credit, said: “The team and I are pleased to be joining the Aryza group and this is a great opportunity for Back to Credit to combine and grow our debt advisory services with Aryza’s financial software. The new partnership will also enable us to provide an advanced one-stop platform for our consumer debt relief solutions.”