Total Processing secures £5m debt finance from BOOST&Co to fund international expansion.
The alternative lender has backed the payments fintech to support its growth across domestic and international markets.
Total Processing is a payments fintech providing end-to-end payment processing and custom gateway solutions for businesses. The Manchester based firm helps merchants manage transactions across e-commerce and in-store channels.
Manchester based payments fintech Total Processing has secured £5m in debt finance from alternative lender BOOST&Co to fund international expansion and team growth.
The capital follows a period of triple-digit revenue growth for the company, enabling it to open new offices in the UK, Dubai and Frankfurt while supporting larger enterprise clients with bespoke payment solutions.
The fresh funding will also allow the business to create more than 30 new jobs in the domestic market over the coming year.
Investor perspective
"Total Processing has a proven business model and as the business continues to scale, it still looks likely to deliver the triple digit growth it has seen year-on-year, which is incredibly impressive; the momentum is almost tangible."
Ryan Sorby
Principal, BOOST&Co
Use of funds
- 01Grow the team
- 02Expand into international markets
Investors
Categories
About the company
Total Processing
Total Processing provides end-to-end payment processing and custom gateway solutions for businesses.