MQube has announced a major group restructuring following a strategic review.
The company is to decouple its technology and lending arms and focus solely on its core technology business, positioning its proprietary AI-native platform for expansion across global markets. The group has been exploring divestment options to support the future growth of its lending arm MPowered and will be appointing a corporate advisor to implement this.
As part of the move, MPowered will no longer accept new loan applications. All existing mortgage customers and MPowered broker-partners will continue to be fully supported and MPowered are proactively contacting customers to keep them informed.
Stuart Cheetham, CEO of MQube commented:
“The growth of both MQube and MPowered has been truly phenomenal, supported by a fantastic team of people, our MQube and MPowered family. MPowered has shown what’s possible when cutting-edge technology meets high-quality mortgage lending. The team has set new standards for speed, efficiency, and customer experience. Our focus now is on making that technology available to lenders around the world. This move will enable both businesses to achieve their full potential.”
Since its launch in 2019, MQube’s unique AI platform has driven MPowered to become the UK’s fastest-growing mortgage lender and delivered over £1.3 billion in prime lending. This year, MPowered set the standard for the One Day Mortgage™ in the UK.
MPowered has established the benchmark for speed, efficiency and customer experience and validated MQube’s technology in a regulated, live market environment. This success has proven that all mortgages can be originated quickly and accurately using cutting-edge technology and world-class process optimisation.
MQube achieved a European first in October when it successfully tokenised £1.3bn of mortgage debt on the blockchain, and the business is now uniquely equipped to support the digital trading of mortgage assets.
With global AI Investment set to top $1.5 Trillion in 2025, and the US GENIUS Act creating the first regulatory framework for payment stablecoins, MQube’s combined AI and blockchain proposition has an unprecedented global growth opportunity. The company is therefore realigning its strategy to scale its proprietary technology, widen its industry focus, and expand its global reach.
