Online franking firm to open eight print centres after Midlands Engine funding

A Northampton online franking company has received an undisclosed investment from Foresight Group on behalf of the Midlands Engine Investment Fund (MEIF).

Postworks is an online franking company SMEs with a software-based alternative to franked business post. Using Postworks’ software platform, businesses can ‘drag and drop’ their post for electronic sorting, printing and folding at Postworks printing centre before being handed over to the Royal Mail for delivery.

The company was launched late 2016 by James and Marvee-Lisa Booker. They identified an opportunity to improve upon and disrupt the traditional franking model, using technology to deliver mailing services to the SME sector.

Foresight’s investment from MEIF, will support the continued growth of the company with the recruitment of additional staff to add to their product development team. Over the next five years Postworks says it will open eight print centres to reduce the transport of physical mail items.

Simon Moate has joined the business as chairman. He has over 15 years’ experience working with SMEs operating in business support services and was formerly CEO of Office2Office, the business services group.

James Booker, founder and commercial director of Postworks, said: “We are removing the barriers that the SME market face when sending post, like long franking contracts and complicated pricing structures. More importantly, we are giving the postal industry a much-needed push into the digital age and we are looking forward to working with Foresight and the wider team on this.”

Rodney Appiah, director at Foresight Group, said: “We are very pleased to have made this investment into Postworks and look forward to working with James and Marvee-Lisa to scale this innovative and disruptive technology business. Postworks is a great fit for the Midlands Engine Investment Fund and a good example of the vibrant start up community in Northampton.”

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