Pepper Money has acquired the remaining 35% stake in Stratton Finance, consolidating full ownership of the finance company.

The transaction was finalised following Pepper Money's exercise of a call option on March 20, valued at $42 million.

The acquisition underscores Pepper Money's growth strategy in the lending sector.

The move aligns with Pepper Money's commitment to diversify and fortify its product portfolio in residential home loans, asset finance, commercial real estate, and novated leases.