Acquired.com secures £4m from Beach Point Capital Management to accelerate growth and product development
Beach Point Capital Management backed the recurring commerce payments platform as it appointed a new Chief Strategy and Product Officer.
Acquired.com provides next-generation payment infrastructure and technology designed to manage and optimise digital transactions for recurring commerce. The company operates as part of the wider Quint group.
Acquired.com has secured £4m in funding from Beach Point Capital Management to accelerate its growth and product development. The capital injection follows three years of consecutive revenue growth averaging 50% annually, alongside commercial agreements with firms such as Zopa Bank, Abound and Flutterwave. Alongside the investment, the business announced the appointment of Eline Blomme as Chief Strategy and Product Officer.
The proceeds will be directed toward expanding the team and advancing the company's core payment pillars, covering card processing, direct debit, pay by bank and real-time payments. PwC's Debt and Capital Advisory team advised on the transaction and sourced the investor.
From the founder
"I’m delighted to welcome Eline to Acquired.com. Her expertise and deep industry experience will unlock new possibilities for our customers, as we look to capitalise on three years of consistent growth."
Greg Cox
Founder and CEO at Acquired.com
Use of funds
- 01Grow the team
- 02Continue product development
Investors
Categories
About the company
Acquired.com
Acquired.com provides a payments platform that powers recurring commerce through a single integration.