Lantern (formerly Motormile Finance/MMF) is an industry-leading purchaser across a number of consumer finance sectors, with particular specialism in alternative lending.
Since 2008, we have purchased more than 2 million accounts with a total face value of over £1bn. During this time we have developed rigorous compliance processes and bespoke customer journeys, providing both lenders and customers with the highest level of assurance. The recent majority acquisition by Copper Street One (an entity of Copper Street Capital LLP) has provided Lantern with both substantial investment for growth and increased financial expertise.
Now with a new name and renewed sense of purpose, we move forward knowing there are different ways to approach the purchasing and collection of consumer debt. At Lantern, we happen to believe in doing it the right way.