Nivo Options, a Manchester-based fintech startup based by former Barclays’ executives, has secured a £1 million funding from Maven Fairness Finance, with help from the Northern Powerhouse Funding Fund and Barclays Financial institution.
The Manchester-based enterprise was based by former Barclays’ executives Michael Widespread, CEO, and Matthew Elliott, CCO.
Says Widespread: “We’re actually happy to have the ability to entice traders of the pedigree of Maven and Barclays into Nivo. We stay up for working with them, and to proceed to construct a number one Manchester expertise firm that continues to remove the paper, electronic mail and cellphone primarily based processes that we’ve all needed to endure when coping with the monetary sector and different service industries.”
Nivo counts a big proportion of the UK Credit score Union market and lots of the UK’s banks, constructing societies, various lenders, and brokers amongst its shoppers. The service secures 1000 new downloads every day, connecting prospects to monetary companies companies.
Widespread says the funding will support Nivo in constructing its product, advertising, and gross sales workforce.
Gavin Chapman, managing director, Principal Investments at Barclays says: “We’re happy to proceed our help for Nivo, who’ve demonstrated robust traction since graduating from our 2017 accelerator program. Nivo have developed a distinct segment, but basic modern resolution trying to disrupt the monetary companies business. We stay up for working alongside Maven and the administration workforce to scale the enterprise.”