Mercia invests £2m in fraud screening firm
Investment firm Mercia Technologies has made a £2m investment in a data company which provides a range of products that allow businesses to run background checks on their customers.
Mercia’s investment in the Newport-based firm is part of a £3m funding round alongside the Development Bank of Wales.
Mercia now has a direct equity holding of 17.4% in W2 and the investment follows on from initial funding rounds by Mercia's third-party managed funds.
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