Connected Data secures £2.2m from Maven Capital Partners to scale operations and platform development.
Maven Capital Partners led the funding round to support product development and business scaling.
Connected Data provides cloud-based data services that blend business intelligence, analytics and AI to help organisations manage and reduce debt. The company serves clients across utilities, financial services, local government and debt management.
Nottingham-based Connected Data has secured £2.2m in a funding round led by Maven Capital Partners through its VCTs. The capital will be deployed to support platform development and scale business operations.
Founded in 2020 by Kirk Fletcher, the company provides cloud-based services designed to improve debt management processes for sectors including utilities, financial services and local government. The business has experienced rapid revenue growth since its inception.
The new funding will allow the team to further expand its reach and continue refining its data-driven solutions for clients navigating stricter consumer protection regulations.
From the founder
"Across all sectors, organisations are facing increased pressure on their debt management processes. Our unique approach, our data partnerships and our range of configurable data services has enabled the organisations we work with to truly transform their debt management process to become more effective without the need for significant capital investment or long extended delivery times."
Kirk Fletcher
CEO at Connected Data
Investor perspective
"Connected Data’s service addresses a critical challenge for utility and financial services companies. With the cost of living crisis driving household debt to new heights, and stricter guidelines like the FCA’s Consumer Duty coming into play, companies are under increasing pressure to refine their debt collection processes. Connected Data has already proven its value for clients by reducing the time, cost, and complexity of debt management while increasing confidence in data accuracy and recovery rates. We are excited to work with Kirk and his team to further scale the business and explore new growth opportunities."
Alexander Sleigh
Investment Director, Maven Capital Partners
Use of funds
- 01Continue product development
- 02Scale operations
Investors
Categories
About the company
Connected Data
Connected Data offers a cloud-based platform that helps organisations manage and reduce debt.