Distribution company set to expand with eight-figure funding package
Secure Retail specialists in payment hardware and services for retail, hospitality, transport and unattended services is planning to expand with funding from Shawbrook.
The Leicester-based company, in which NVM acquired a majority stake in 2019, offers secure omnichannel payment solutions, including gateway services, hardware and software to global brands.
Secure Retail, now in its 20th year, is poised for further growth with support from Shawbrook, which has provided an eight-figure funding package.
This investment will develop Secure Retail’s new rental offering and facilitate expansion into Europe, building on their recent establishment of a facility in Holland.
The rental option will allow existing clients to lease Secure Retail’s hardware, ensuring they can regularly update their technology while providing a steady income stream for Secure Retail.
Carl Barton, founder of Secure Retail, said: “I am delighted that we have been able to secure the funding, and therefore the means necessary to grow our business further and even diversify with a new proposition. Secure Retail has been operational since 2003, and we pride ourselves on our strong relationships with our customers, and our commitment to innovation.
“Shawbrook were able to offer us a bespoke package that would both support our ongoing growth and allow us to launch our new rental proposition.”