Papillon Translations secures £50k debt finance from NEL Fund Managers to expand marketing.
The Newcastle-based translation service raised the funds from NEL Fund Managers to drive marketing activity for its new visitor app.
Papillon Translations provides human translation services and has developed an app to deliver multilingual audio and written commentary for museums and tourist attractions.
Papillon Translations has secured £50k in debt finance from NEL Fund Managers. The capital will be directed towards increasing marketing efforts and bringing the company's new visitor app to the wider market.
The Newcastle-based translation provider has spent over four years developing the application, which allows visitors to access multilingual commentaries via QR codes or scanned images. The funding follows initial deployments at locations including the James Herriot Museum and Bedern Hall.
NEL Fund Managers provided the capital through the North East Small Loan Fund. The transaction was supported by Craig Horsfall of Haines Watts Chartered Accountants.
From the founder
"We’ve spent a lot of time ensuring that the app is fully fit for purpose and now have a fantastic product that will make a real difference to the user experiences that museums and other such venues can offer their visitors."
Steve Kent
Managing Director at Papillon Translations
Investor perspective
"The Papillon team has created a user friendly and flexible system that has huge potential for adoption by a wide range of venues and will significantly enhance the experience that patrons get out of their visits."
Mike Guellard
Investment executive, NEL Fund Managers
Use of funds
- 01Invest in sales and marketing
Investors
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About the company
Papillon Translations
Papillon Translations provides human translation services and museum tour software.