Invus Opportunities, an equity investor, has made an investment of $200m in UK-based credit marketplace ClearScore.

The long-term investment is a mix of primary and secondary, enabling Invus to acquire a significant minority stake in ClearScore.

The existing investors and the management will continue to retain majority of their positions in the company.

Additionally, Invus Opportunities’ Benjamin Tsai will join the ClearScore board as part of the deal.

The latest investment values ClearScore at $700m.

Founded in 2015, ClearScore is one of the leading credit score and financial product marketplace in the UK. The fintech business has 11 million users in the UK and an additional 3 million globally.

ClearScore will use the new proceeds to expand its team, product suite and customer base globally.

ClearScore co-founder and CEO Justin Basini said: “We welcome Invus Opportunities to the board and look forward to working with their team as we continue to grow ClearScore in the UK and internationally.

“As one of the only profitable UK fintech business operating at real scale, we didn’t need to raise money, but rather we chose to partner with Invus. We made this decision as a team because of Invus’ track record of working strategically over the long term with their businesses to recognise global opportunities, whilst delivering superior services to consumers.”

Tsai stated: “We partner best with ambitious companies who are committed to making a positive impact on the lives of their customers. For us, ClearScore does this exceptionally well, as evidenced by their innovative product offering and ever-growing user base.”