Gloucester-based fintech firm Buyline has been acquired by Norwegian investors.

The FCA regulated business provides fintech funding and bespoke payment solutions to enable individuals and businesses the ability to purchase what they need now but pay over time.

It is also a point of sale finance provider, partnering with businesses and end-consumers in sectors ranging from dentistry to professional advisory services.

Read more: Herrington Carmichael expands to larger Farnborough headquarters

Thames Valley law firm Herrington Carmichael assisted in an overhaul of Buyline Ltd’s management team, in anticipation of its acquisition.

It also assisted with Norwegian council on the consolidation of Buyline Holding AS’ multi-million investment in the business to date, and dealing with regulatory approvals associated with a business authorised by the FCA.

Read more: Herrington Carmichael acquires Bonnetts

Herrington Carmichael’s Yavan Brar was supported by Chris Gemson in an eighteen month process.

Mark Chapman, head of the firm’s regulatory team, worked on the FCA change of control application and secured approval from the FCA in seven weeks, which far outperformed the FCA’s published timeframe of six months.