Five Arrows Media Finance, formerly known as Fineline Media Finance, has rebranded following the business’ acquisition in November 2015 by Paragon Bank.
It is almost exactly one year ago today that Fineline’s parent company Five Arrows Leasing merged three trading divisions – Fineline Media Finance, Five Arrows Leasing and Capital Professions Finance – into one brand.
The company will continue to provide its products and services through Technology Finance from Paragon Bank.
Paragon Bank, launched in 2014, is a new UK-based bank, offering savings accounts direct to consumers and car finance, secured personal loans and buy-to-let mortgages through intermediaries. In November last year, Paragon Bank launched its latest product line – development finance – for property development in London and the south east, before adding asset finance to its product range through the acquisition.
“Today is a really exciting day as it marks the beginning of a new chapter for us,” comments Gareth Wilding (pictured), managing director of Paragon Bank Technology Finance.
“We are joining Paragon Bank and in turn, Paragon Group, at a very exciting time as the business continues to grow and develop. We are looking forward to further developing our business and working with the team at Paragon Bank to look at new opportunities for the future.
“For our customers, it is business as usual, all of the same people are here to help; the only changes are our new name and email addresses.”
Paragon Bank’s managing director, Richard Doe, adds: “I am delighted to welcome Five Arrows Media Finance to Paragon Bank. We have admired it for many years and recognised it as a market leader in the asset finance sector. The culture, philosophy and operating model is an excellent fit with Paragon Bank and we are looking forward to working with its management team to support growth opportunities across its market.”