A CONSUMER finance specialist based in Chineham is on the expansion path.

Duologi, is opening a new London sales hub to accommodate its growing team ahead of a period of expansion.

Duologi, which launched in 2017 and has been based at Absolutely Offices, in Lutyens Close, recently secured a £20million investment from Paragon that will be used to fund its growth strategy.

The company currently has a 33-strong team of finance specialists, with plans to grow this figure over the next 12 months, including the launch of this new office.

Bruce Rayner, chief executive officer of Duologi, said: “This is an exciting time for Duologi. Consumer demand for simple, flexible credit has never been higher; however, there is a real need for transparency and integrity within the sector – something that we’re committed to upholding as we grow the company in the UK and worldwide. We’re in a strong position to open our second office just 14 months after launching and look forward to speaking with potential clients about how we can help their business grow in future.”

Backed by Oaktree Capital, the fintech disruptor is already on course to build a portfolio of £100 million within its first full year of trading, with clients across the retail, healthcare, education, travel and property sectors.