Syscap has been absorbed into the Wesleyan Bank brand in order to unify operations.
Wesleyan Bank, itself a subsidiary of Wesleyan Assurance Society, acquired Syscap in February 2015. The banks said the acquisition helped double net lending to UK businesses.
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Steve Deutsch, chief executive of Wesleyan Bank, said: “The rebrand underpins our strategic growth plans to fund more business directly from Wesleyan Bank and provide a broader range of flexible finance solutions within our chosen markets.
“Whilst we have been working as one team for some time now, the decision to unify our operations under a single identity has been welcomed by our customers, vendor partners and staff alike.
“These positive changes will enable us to hit the ground running in 2018 which promises to be an exciting year for Wesleyan Bank. But more importantly, as a stronger combined business, we are better equipped than ever to offer enhanced solutions and digital services that are tailored to the needs of our customers.
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