Purpose Financial has bought portfolio company Ario through subsidiary Thinking Capital Financial having backed the enterprise financing software producer in 2018.

Thinking Capital Financial, a small business loans subsidiary of financial services firm Purpose Financial, has paid an undisclosed sum to acquire the latter’s portfolio company, Canada-based credit processing software developer Ario. Ario’s software platform allows its financial services clients to provide small businesses with a range of financing products through a machine learning-driven app. Users…

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