Hudson Cove led the financing package, which comprises $75m in debt and $5m in equity.
"Having the right backer at the right time can fundamentally change someone's life and the trajectory of the business they've started. This funding round lets us scale payment-linked financing that repays at source and reaches more business owners who are too often overlooked by traditional lenders."
BGF backs mobile identity specialist TMT ID in its first institutional funding round to support international growth.
"We are delighted to announce BGF’s investment in TMT ID. At a time when fraud and digital threats are escalating worldwide, the ability to verify users, detect risk, and protect customers has never been more critical. TMT ID’s mobile identity and number intelligence solutions deliver real-time insights that allow enterprises to build trust, prevent fraud and optimise decision-making."
The funding round was led by Northern Gritstone with participation from Amadeus Capital Partners, Manta Ray, Mercia Ventures and NPIF, Mercia Equity Finance.
"Sitehop is proving the critical need for future-proof encryption, demonstrated by our early customer traction globally. As a Sheffield-founded company, this investment from Northern Gritstone supports our mission to grow and scale in the region and build world-leading sovereign encryption capability right here in the UK – meaning we can accelerate international expansion while keeping the UK at the forefront of world-class cybersecurity innovation."