Tech Company Financing Transactions
Nivo Funding Round
Nivo, based in Manchester, secured $1.2 million from Barclays Corporate Banking and NPIF Maven Equity Finance.
Transaction Overview
Company Name
Announced On
12/22/2022
Transaction Type
Venture Equity
Amount
$1,205,000
Round
Undisclosed
Proceeds Purpose
Nivo claims it has on boarded a "large proportion" of the UK credit union market, as well as many of its banks, building societies, lenders and brokers. Its traction with credit unions makes sense given that digital transformation for many unions won't always have been a big priority, at least for as long as some of the well known banks.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
29 John Dalton Street
Manchester, M26FW
UK
Manchester, M26FW
UK
Phone
Undisclosed
Website
Email Address
Overview
Nivo is more than a platform - we're an ecosystem of finance professionals. Nivo was established by CEO Michael Common and Co-founder Matthew Elliott, both formerly senior staff within a global bank. Mike and Mat have witnessed first-hand the pressure on financial services to adapt to the demands of consumers in an increasingly-digitised world. ?
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Michael Common
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Where The Data Comes From
We do our best to record tech company VC transactions. VC investment data records reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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