Acquis Data Services is delighted to announce that Compass Business Finance has officially joined Acquis Lumia, making it the 42nd organisation to sign up to the platform in the UK.
Compass Business Finance was established as an independent UK lender in 2005 by brothers Mark and Jamie Nelson, it specialises in asset-based finance particularly for the print & packaging, engineering, construction and renewables sectors. It is a trusted partner to small and medium-sized enterprises across the UK, helping them navigate the financial landscape.
Compass is the latest organisation to join Acquis Lumia, leveraging the platform’s real time visibility into asset finance agreements. Since launching in 2022, Lumia has become a vital tool for the asset finance industry, enabling better fraud detection, portfolio insight, and greater transparency across the sector.
James Rudolf, Chief Commercial Officer at Acquis, said: “We’re thrilled to welcome Compass Business Finance to the Lumia network. Its focus and commitment to supporting SMEs reflects the very ethos behind what Lumia is designed to deliver. Having Compass on board demonstrates the value our platform brings to lenders who are keen to manage risk more effectively and collaborate across the industry.”
Mark Nelson, Director at Compass Business Finance said, “We have been watching the development of the Lumia network with great interest over the past 2 years as a keen supporter of what it will achieve for the industry – we’re delighted to now be an official part of this important initiative.”
