Software firm gets £200,000 loan fund boost

THE Greater Manchester Loan Fund, managed by private equity house Maven Capital Partners, has provided a £200,000 finance package to Beyond Comparison Group Ltd.
 
BCL, a Salford-based business, which develops white-label comparison software, will use the funding to further diversify its current offering, both for existing and prospective customers, and to develop new comparison engines for the pet, travel and car insurance markets – three of the largest areas for comparison engines.
 
Since forming in 2012, BCL has forged a niche in the overall comparison sector, creating a white label proposition which allows businesses to utilise their client list further through cross selling a wider range of products.

The GMLF funding package will support the growth of the operations in the Salford site and secure existing jobs, with the intention to nearly double headcount over the next two years.

Alex Rothwell, investment manager at Maven, said: “Beyond Comparison is a fast growing, innovative company which is set to continue to develop and diversify its offering as it expands into different sectors of the marketplace.

“The investment in Beyond Comparison will safeguard jobs in Greater Manchester whilst establishing the potential to create additional positions in the next two years.

“GMLF is delighted to support this exciting business and continues to look to provide funding into other SME companies in the Greater Manchester area looking to grow.”

Lee Plaister, managing director at Beyond Comparison, added: “Maven was really supportive of our ideas and growth strategy and the funding process was relatively quick and very straightforward.”  

Mike Blackburn, chair of the Greater Manchester Local Enterprise Partnership, said: “Beyond Comparison is the kind of innovative technology company that will be a critical part of Greater Manchester’s continued growth.

“This funding will enable the company to diversify into further markets, allowing it to safeguard and create new jobs for local residents. I look forward to seeing BCL’s continued success in the future.”

The GMLF was supported on the transaction by Jill Parker at Pannone Corporate.

 

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