- Oyster Bay is headquartered in Swansea, UK
- Pollen Street is a private capital asset manager
- Aryza is a financial software service provider
Aryza Group, backed by Pollen Street Capital, has acquired Oyster Bay Systems, an end-to-end loan and lease management software company.
Oyster Bay is headquartered in Swansea, UK. The company’s lending platform enables the digitalisation of lending processes, targeting primarily asset finance operations of non-bank lenders.
Oyster Bay’s addition will expand Aryza’s capability in the loan management sector, adding scale and client reach in the UK and capability across Europe, according to a release.
“Oyster Bay brings a wealth of experience in asset-based lending, complementing and extending Aryza’s existing product offering and customer reach,” said Anastasia Kovaleva, investment director at Pollen Street. “The acquisition is a continuation of Aryza’s strategy to become a global leader in automating processes across the credit cycle.”
The transaction is Aryza’s 8th acquisition since 2018.
Pollen Street is a private capital asset manager with over £3.4 billion ($4.3 billion; €3.9 billion) in assets under management. It has a team of over 80 professionals with offices in London and the US.
Aryza is a financial software service provider based in Leeds, UK.
No financial details of the transaction were disclosed.