NorthEdge leads funding in Wilmslow-based SaaS provider CMAP to support team growth and international expansion.
"We are delighted to be partnering with NorthEdge and believe that the investment has come at a perfect time for the business. We pride ourselves on providing a market leading product to our customers and this has been a key driver of the strong growth that we have enjoyed to date. We believe that the quality of our solution and the investment from NorthEdge will provide the platform to further accelerate this growth in the future, both in the UK and internationally."
Horizon Capital has backed the enterprise software provider to support its expansion strategy.
"Since founding Sapphire, we have built a strong and scalable business that we believe can be further enhanced through continued organic initiatives and high quality acquisitions"
Insight Partners led the Series C round, which included participation from Augmentum Fintech, Kennet Partners, and CIBC.
"The addition of Augmentum alongside our current investors, Insight, Kennet and CIBC, strengthens our board and will help us meet our ambitious growth goals, following a stellar 2019."
The Manchester-based challenger bank will deploy the capital to expand its workforce and infrastructure ahead of its scheduled market entry.
"The strength of investor response is testament to the B-North offering and the quality and efficiency of lending that we can deliver to help SMEs fulfil their potential, thereby driving the UK economy forward."
